Baldwin Wealth Partners LLC MA Takes $372,000 Position in SAP SE $SAP

Key Points

• Baldwin Wealth Partners LLC MA has acquired a new stake in SAP SE, purchasing 1,222 shares valued at approximately $372,000.
• Several institutional investors have recently increased their holdings in SAP, with Bartlett & CO. Wealth Management LLC raising its stake by 585.7%.
• Analysts have varied opinions on SAP's stock, with one cutting its rating to "hold" while Barclays raised its price target from $308.00 to $322.00.

Baldwin Wealth Partners LLC MA purchased a new stake in SAP SE (NYSE:SAP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,222 shares of the software maker's stock, valued at approximately $372,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC increased its stake in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in SAP during the 2nd quarter worth approximately $31,000. Creative Financial Designs Inc. ADV increased its stake in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after purchasing an additional 66 shares in the last quarter. Highline Wealth Partners LLC grew its stake in shares of SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Dagco Inc. bought a new position in shares of SAP during the 1st quarter worth approximately $45,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SAP. Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Barclays reaffirmed an "overweight" rating and set a $322.00 price target (up from $308.00) on shares of SAP in a research note on Friday, July 25th. JMP Securities raised their price target on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 23rd. Erste Group Bank cut shares of 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 report on Wednesday, September 24th. One 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 stock. Based on data from MarketBeat.com, SAP has a consensus rating of "Buy" and an average price target of $281.67.

SAP Trading Down 3.7%

NYSE SAP opened at $265.62 on Friday. The company has a market cap of $326.32 billion, a PE ratio of 43.98, a PEG ratio of 4.09 and a beta of 1.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 12 month low of $225.67 and a 12 month high of $313.28. The stock has a 50 day moving average of $271.63 and a 200-day moving average of $282.29.

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 (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $1.10 EPS. The company's quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal 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.

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.