3,079 Shares in SAP SE $SAP Acquired by Journey Advisory Group LLC

Key Points

• Journey Advisory Group LLC acquired 3,079 shares of SAP SE, valued at approximately $936,000, indicating growing interest from institutional investors in the software maker.
• SAP reported better-than-expected quarterly earnings with $1.70 EPS, surpassing estimates of $1.63, and achieving a revenue of $10.58 billion, driven by an 8.9% year-over-year increase.
• Wall Street analysts show confidence in SAP's future, with the company holding an average rating of "Buy" and a consensus target price of $281.67, despite some recent downgrades from various brokerages.

Journey Advisory Group LLC acquired a new position in shares of SAP SE (NYSE:SAP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,079 shares of the software maker's stock, valued at approximately $936,000.

Several other institutional investors have also recently modified their holdings of the stock. Princeton Global Asset Management LLC acquired a new position in shares of SAP during the 2nd quarter worth approximately $38,000. West Tower Group LLC acquired a new position in shares of SAP during the 2nd quarter worth approximately $304,000. Calamos Wealth Management LLC raised its position in shares of SAP by 4.9% during the 2nd quarter. Calamos Wealth Management LLC now owns 17,878 shares of the software maker's stock worth $5,437,000 after purchasing an additional 833 shares during the last quarter. Cidel Asset Management Inc. raised its position in shares of SAP by 20.2% during the 2nd quarter. Cidel Asset Management Inc. now owns 127,005 shares of the software maker's stock worth $38,622,000 after purchasing an additional 21,372 shares during the last quarter. Finally, Wealthstream Advisors Inc. raised its position in shares of SAP by 40.5% during the 2nd quarter. Wealthstream Advisors Inc. now owns 1,158 shares of the software maker's stock worth $352,000 after purchasing an additional 334 shares during the last quarter.

SAP Trading Up 1.9%

SAP stock opened at $277.96 on Tuesday. The company has a market cap of $341.48 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 4.06 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 $269.56 and a 200-day simple moving average of $282.77. SAP SE has a 52 week low of $227.52 and a 52 week high of $313.28.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the company earned $1.10 EPS. The firm's revenue 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.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SAP. Erste Group Bank downgraded SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Oddo Bhf upgraded SAP from a "neutral" rating to an "outperform" rating in a report on Wednesday, September 24th. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. JMP Securities boosted their price target on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. Finally, Barclays reiterated an "overweight" rating and issued a $322.00 price target (up from $308.00) on shares of SAP in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, SAP presently has an average rating of "Buy" and a consensus target price of $281.67.

About SAP

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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