Brio Consultants LLC Invests $296,000 in SAP SE (NYSE:SAP)

Key Points

• Brio Consultants LLC has made a new investment in SAP SE, purchasing 1,102 shares valued at approximately $296,000 in the first quarter.
• SAP's stock has shown strong performance, with a reported earnings per share (EPS) of $1.70 for the last quarter, exceeding analyst expectations of $1.63.
• Eleven research analysts currently rate SAP stock as a "Buy," with a consensus target price of $281.67.

Brio Consultants LLC purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,102 shares of the software maker's stock, valued at approximately $296,000.

Several other institutional investors have also bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC lifted its holdings in SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after acquiring an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after acquiring an additional 66 shares during the last quarter. Founders Capital Management lifted its holdings in SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after acquiring an additional 75 shares during the last quarter. Highline Wealth Partners LLC lifted its holdings in SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after acquiring an additional 77 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in SAP in the 1st quarter valued at about $53,000.

SAP Stock Performance

SAP stock opened at $287.75 on Monday. The stock has a 50-day simple moving average of $300.15 and a 200 day simple moving average of $283.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. SAP SE has a 12-month low of $194.93 and a 12-month high of $313.28. The stock has a market capitalization of $353.50 billion, a price-to-earnings ratio of 47.64, a P/E/G ratio of 4.13 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $9.10 billion. SAP had a return on equity of 14.77% 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 in the previous year, the business posted $1.10 earnings per share. On average, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of research analyst reports. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Argus reissued a "buy" rating and issued a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Barclays increased their price target on shares of SAP from $308.00 to $322.00 and gave the stock an "overweight" rating in a research report on Friday. BMO Capital Markets increased their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company assumed coverage on shares of SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating for the company. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock 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.

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