Arkadios Wealth Advisors Acquires 6,642 Shares of SAP SE (NYSE:SAP)

Key Points

• Arkadios Wealth Advisors significantly increased its stake in SAP SE by 484.8% during the 1st quarter, owning 8,012 shares valued at about $2.15 million.
• SAP reported earnings per share of $1.70 for the last quarter, exceeding analysts' expectations and showing an 8.9% year-over-year revenue growth.
• Analysts have given SAP a consensus rating of "Buy", with many raising their price target, reflecting confidence in the company’s stock performance.

Arkadios Wealth Advisors increased its holdings in SAP SE (NYSE:SAP - Free Report) by 484.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,012 shares of the software maker's stock after buying an additional 6,642 shares during the period. Arkadios Wealth Advisors' holdings in SAP were worth $2,151,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SAP. Brighton Jones LLC boosted its position in shares of SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after acquiring an additional 1,255 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in SAP by 473.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,081 shares of the software maker's stock valued at $502,000 after purchasing an additional 1,718 shares during the period. Wellington Management Group LLP bought a new position in SAP in the 4th quarter valued at $163,630,000. Alliancebernstein L.P. grew its position in shares of SAP by 15.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker's stock valued at $313,000 after purchasing an additional 172 shares in the last quarter. Finally, Summit Financial LLC bought a new position in shares of SAP in the fourth quarter worth $285,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SAP shares. Wall Street Zen lowered SAP from a "buy" rating to a "hold" rating in a research note on Saturday. Piper Sandler assumed coverage on SAP in a report on Tuesday, June 17th. They set an "overweight" rating for the company. Wells Fargo & Company started coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. Barclays reiterated an "overweight" rating and set a $322.00 target price (up from $308.00) on shares of SAP in a research report on Friday, July 25th. Finally, Argus restated a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, SAP currently has a consensus rating of "Buy" and a consensus price target of $281.67.

SAP Trading Down 1.3%

Shares of SAP traded down $3.75 during trading hours on Friday, hitting $282.95. The company had a trading volume of 1,578,515 shares, compared to its average volume of 1,409,978. SAP SE has a 52-week low of $194.93 and a 52-week high of $313.28. The company has a quick ratio of 1.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average price is $298.92 and its 200 day moving average price is $284.20. The firm has a market cap of $347.60 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.07 and a beta of 1.27.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. On average, research analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP 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.