Pin Oak Investment Advisors Inc. Has $28,000 Stake in SAP SE (NYSE:SAP)

Pin Oak Investment Advisors Inc. lowered its holdings in shares of SAP SE (NYSE:SAP) by 33.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 125 shares of the software maker’s stock after selling 62 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in SAP were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SAP. LRI Investments LLC bought a new position in SAP in the 1st quarter valued at approximately $25,000. Godsey & Gibb Inc. bought a new stake in shares of SAP in the third quarter worth $25,000. POM Investment Strategies LLC increased its holdings in SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC raised its position in SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares during the last quarter. Finally, Atticus Wealth Management LLC bought a new position in SAP during the 2nd quarter worth $40,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SAP. TD Cowen increased their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Down 1.3 %

SAP stock traded down $3.04 during midday trading on Thursday, reaching $232.02. The stock had a trading volume of 961,865 shares, compared to its average volume of 801,857. The company has a fifty day moving average price of $231.31 and a two-hundred day moving average price of $213.13. SAP SE has a 12 month low of $148.38 and a 12 month high of $243.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $285.04 billion, a P/E ratio of 92.88, a PEG ratio of 4.49 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that SAP SE will post 4.89 EPS for the current fiscal year.

SAP Company 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.