Atria Wealth Solutions Inc. Lowers Stake in SAP SE $SAP

Key Points

• Atria Wealth Solutions Inc. reduced its stake in SAP SE by 53.6%, bringing its total ownership to 1,552 shares valued at $472,000.
• Several large investors, including Brighton Jones LLC and Channing Global Advisors LLC, have increased their positions in SAP, reflecting varied investor sentiment in the market.
• Analysts have mixed reviews on SAP, with one upgrade to "outperform" and differing ratings from firms like Barclays and Wall Street Zen, leading to a consensus target price of $281.67.

Atria Wealth Solutions Inc. cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 53.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,552 shares of the software maker's stock after selling 1,794 shares during the period. Atria Wealth Solutions Inc.'s holdings in SAP were worth $472,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SAP. 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. GAMMA Investing LLC increased its position in shares of SAP by 16.7% during the first 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 in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of SAP by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,139 shares of the software maker's stock worth $7,554,000 after purchasing an additional 576 shares in the last quarter. Channing Global Advisors LLC increased its position in shares of SAP by 61.9% during the first quarter. Channing Global Advisors LLC now owns 1,025 shares of the software maker's stock worth $275,000 after purchasing an additional 392 shares in the last quarter. Finally, Wolff Wiese Magana LLC acquired a new position in shares of SAP during the first quarter worth $605,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SAP shares. Oddo Bhf upgraded SAP from a "neutral" rating to an "outperform" rating in a research note on Wednesday, September 24th. Wall Street Zen lowered SAP from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Barclays restated 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. JMP Securities raised their target price on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, SAP presently has an average rating of "Buy" and a consensus target price of $281.67.

SAP Price Performance

Shares of SAP opened at $272.84 on Monday. The business's 50-day moving average is $269.74 and its two-hundred day moving average is $282.57. The company has a market capitalization of $335.18 billion, a P/E ratio of 45.17, a P/E/G ratio of 4.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. SAP SE has a fifty-two week low of $227.52 and a fifty-two 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 the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. Research analysts predict that SAP SE will post 6.55 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.

Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.