Wealthcare Advisory Partners LLC Lowers Stock Holdings in SAP SE $SAP

Wealthcare Advisory Partners LLC cut its stake in SAP SE (NYSE:SAP) by 11.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,044 shares of the software maker’s stock after selling 137 shares during the period. Wealthcare Advisory Partners LLC’s holdings in SAP were worth $317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares in the last quarter. Farther Finance Advisors LLC increased its position in SAP by 5.1% during the 1st quarter. Farther Finance Advisors LLC now owns 2,909 shares of the software maker’s stock worth $786,000 after purchasing an additional 142 shares during the period. GAMMA Investing LLC increased its position in SAP by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,866 shares of the software maker’s stock worth $1,306,000 after purchasing an additional 698 shares during the period. SG Americas Securities LLC boosted its stake in shares of SAP by 1,049.5% during the 1st quarter. SG Americas Securities LLC now owns 16,426 shares of the software maker’s stock worth $4,409,000 after acquiring an additional 14,997 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of SAP by 69.4% during the 1st quarter. Simon Quick Advisors LLC now owns 2,874 shares of the software maker’s stock worth $771,000 after acquiring an additional 1,177 shares in the last quarter.

Analysts Set New Price Targets

SAP has been the topic of a number of recent research reports. Barclays reaffirmed an “overweight” rating and issued a $322.00 target price (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating on the stock. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $281.67.

SAP Trading Down 3.7%

SAP stock opened at $265.62 on Friday. The company has a market cap of $326.32 billion, a price-to-earnings ratio of 43.98, a PEG ratio of 4.09 and a beta of 1.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $271.63 and a 200-day simple moving average of $282.29. SAP SE has a 52 week low of $225.67 and a 52 week high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The business had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts expect that SAP SE will post 6.55 EPS 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.