Atria Wealth Solutions Inc. Sells 2,165 Shares of SAP SE (NYSE:SAP)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in SAP SE by 39.3%, holding 3,346 shares worth approximately $898,000 at the end of the quarter.
• Several investment firms, including Brighton Jones LLC and Invesco Ltd., significantly increased their stakes in SAP during the fourth quarter, indicating continued interest in the company's stock.
• SAP reported better-than-expected earnings of $1.70 per share for the last quarter, surpassing estimates and showing an 8.9% year-over-year revenue growth.

Atria Wealth Solutions Inc. cut its holdings in SAP SE (NYSE:SAP - Free Report) by 39.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,346 shares of the software maker's stock after selling 2,165 shares during the period. Atria Wealth Solutions Inc.'s holdings in SAP were worth $898,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Deutsche Bank AG lifted its holdings in SAP by 41.3% in the fourth quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock worth $1,175,000 after purchasing an additional 1,396 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in SAP in the first quarter worth about $790,000. Alliancebernstein L.P. lifted its holdings in SAP by 15.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker's stock worth $313,000 after purchasing an additional 172 shares during the period. TD Asset Management Inc lifted its holdings in SAP by 3.8% in the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock worth $446,364,000 after purchasing an additional 60,261 shares during the period. Finally, Junto Capital Management LP acquired a new stake in SAP in the fourth quarter worth about $21,552,000.

SAP Stock Performance

SAP stock traded up $3.29 during mid-day trading on Wednesday, reaching $279.18. The company had a trading volume of 1,662,899 shares, compared to its average volume of 1,755,955. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 52 week low of $210.38 and a 52 week high of $313.28. The company has a 50 day moving average of $296.44 and a 200-day moving average of $285.06. The firm has a market cap of $342.97 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 3.97 and a beta of 1.27.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating 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%. SAP's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. On average, sell-side analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on SAP. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. Piper Sandler initiated coverage on SAP in a report on Tuesday, June 17th. They set an "overweight" rating on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a report on Friday, May 2nd. JMP Securities lifted their target price on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. Finally, BMO Capital Markets upped their target price on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $281.67.

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.