Opal Wealth Advisors LLC Invests $71,000 In SAP SE (NYSE:SAP)

Opal Wealth Advisors LLC bought a new position in shares of SAP SE (NYSE:SAP – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 350 shares of the software maker’s stock, valued at approximately $71,000.

Several other large investors have also recently modified their holdings of the stock. Capital International Investors raised its holdings in shares of SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after buying an additional 746,386 shares of shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SAP by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after buying an additional 26,031 shares during the last quarter. Principal Financial Group Inc. raised its stake in SAP by 21.2% in the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after purchasing an additional 108,729 shares in the last quarter. Natixis Advisors LP raised its stake in SAP by 8.3% in the fourth quarter. Natixis Advisors LP now owns 404,730 shares of the software maker’s stock valued at $62,566,000 after buying an additional 31,135 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in SAP in the first quarter valued at approximately $58,936,000.

SAP Price Performance

Shares of SAP stock opened at $208.53 on Friday. The company’s 50-day moving average price is $199.37 and its 200-day moving average price is $190.76. SAP SE has a 12-month low of $126.75 and a 12-month high of $214.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12, and a quick ratio of 1.12.

SAP (NYSE:SAP – Get Your Free Report ) last released its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. In the same period last year, the company earned $0.71 per share. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts expect that SAP SE will post 4.75 earnings per share for the current year.

Analysts on Wall Street are forecasting an increase

Several analysts recently weighed in on the company. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen upped their price objective on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets upped their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Sanford C. Bernstein initiated coverage on SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price objective on the stock. Finally, StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and an average price target of $225.17, based on data from MarketBeat.

Read the latest inventory analysis on SAP

SAP Company Profile

(Free report)

SAP SE, together with its subsidiaries, provides applications, technology and services worldwide. 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 expense management solutions covering direct and indirect expenses, travel and expenses, and external workforce management.

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