Wealth Enhancement Advisory Services LLC boosted its stake in SAP SE (NYSE:SAP – Free Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,973 shares of the software maker’s stock after purchasing an additional 454 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SAP were worth $6,180,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Modera Wealth Management LLC boosted its position in shares of SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after purchasing an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in SAP by 3.5% in the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after acquiring an additional 51 shares during the period. RFP Financial Group LLC increased its holdings in shares of SAP by 17.5% during the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock valued at $70,000 after acquiring an additional 52 shares in the last quarter. PFG Investments LLC raised its position in shares of SAP by 2.6% during the second quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after purchasing an additional 61 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of SAP by 32.6% in the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock worth $49,000 after purchasing an additional 62 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. JMP Securities raised their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen increased their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.
SAP Stock Performance
Shares of SAP opened at $237.31 on Thursday. The stock has a 50 day moving average of $224.90 and a 200 day moving average of $206.12. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 12 month low of $133.46 and a 12 month high of $243.01. The company has a market capitalization of $291.54 billion, a price-to-earnings ratio of 94.92, a PEG ratio of 4.54 and a beta of 1.25.
SAP (NYSE:SAP – Get Free Report) last released its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. As a group, sell-side analysts forecast that SAP SE will post 4.9 earnings per share for the current 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.
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