3,799 Shares in SAP SE (NYSE:SAP) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new position in SAP SE (NYSE:SAP) during the first quarter, Holdings Channel.com reports. The fund bought 3,799 shares of the software maker’s stock, valued at approximately $741,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of SAP by 5.8% during the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after acquiring an additional 75 shares during the period. Global Retirement Partners LLC raised its holdings in shares of SAP by 18.6% during the fourth quarter. Global Retirement Partners LLC now owns 630 shares of the software maker’s stock valued at $99,000 after acquiring an additional 99 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of SAP by 135.1% during the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the software maker’s stock valued at $81,000 after acquiring an additional 300 shares during the period. Claro Advisors LLC acquired a new stake in shares of SAP during the fourth quarter valued at approximately $223,000. Finally, Drive Wealth Management LLC raised its holdings in shares of SAP by 8.0% during the fourth quarter. Drive Wealth Management LLC now owns 2,210 shares of the software maker’s stock valued at $342,000 after acquiring an additional 163 shares during the period.

SAP Trading Down 1.1 %

SAP stock traded down $2.29 during trading hours on Tuesday, hitting $206.91. The company’s stock had a trading volume of 965,928 shares, compared to its average volume of 783,635. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a 12 month low of $126.75 and a 12 month high of $214.94. The stock has a 50 day moving average price of $196.85 and a two-hundred day moving average price of $188.13.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. SAP’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. Analysts predict that SAP SE will post 4.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of a number of recent analyst reports. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. TD Cowen boosted their price objective on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Barclays lowered their price objective on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Sanford C. Bernstein initiated coverage on shares of SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective on the stock. Finally, JMP Securities boosted their price objective on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $225.17.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.