Empower Advisory Group LLC Acquires Shares of 861 SAP SE (NYSE:SAP)

Key Points

• Empower Advisory Group LLC has acquired 861 shares of SAP SE, valued at approximately $231,000, during the first quarter of the year.
• Wall Street analysts have varying ratings for SAP SE, with most analysts giving it a buy rating and an average target price of $281.67.
• SAP reported $10.58 billion in revenue for the last quarter, exceeding estimates by $1.48 billion, and a year-over-year revenue increase of 8.9%.

Empower Advisory Group LLC bought a new position in shares of SAP SE (NYSE:SAP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 861 shares of the software maker's stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew 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 valued at $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after buying an additional 66 shares during the last quarter. Founders Capital Management grew its position in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after buying an additional 75 shares in the last quarter. Highline Wealth Partners LLC increased its stake in shares of SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after buying an additional 77 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in SAP in the first quarter valued at $53,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SAP shares. Barclays reissued an "overweight" rating and set a $322.00 price objective (up from $308.00) on shares of SAP in a report on Friday, July 25th. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. Finally, Piper Sandler assumed coverage on SAP in a report on Tuesday, June 17th. They issued an "overweight" rating for the company. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SAP has an average rating of "Buy" and an average target price of $281.67.

SAP Trading Up 1.2%

Shares of NYSE SAP opened at $295.42 on Friday. SAP SE has a 12-month low of $201.71 and a 12-month high of $313.28. The company has a market cap of $362.92 billion, a price-to-earnings ratio of 48.91, a price-to-earnings-growth ratio of 4.20 and a beta of 1.27. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock's 50 day simple moving average is $298.22 and its 200 day simple moving average is $284.78.

SAP (NYSE:SAP - Get Free Report) last issued its 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. SAP had a return on equity of 14.84% and a net margin of 18.26%. The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company earned $1.10 earnings per share. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts expect that SAP SE will post 6.55 EPS 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.

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