Family Legacy Financial Solutions LLC Makes New $1.77 Million Investment in SAP SE $SAP

Key Points

• Family Legacy Financial Solutions LLC purchased 5,839 shares of SAP SE valued at approximately $1.77 million, adding it as the 14th largest position in their investment portfolio.
• In the second quarter, several other institutional investors also increased their holdings in SAP, with notable increases from NorthCrest Asset Management and Jackson Square Capital.
• SAP's recent earnings report showed a strong performance, with $1.70 earnings per share, exceeding analysts' expectations and reflecting an 8.9% increase in revenue year-over-year.

Family Legacy Financial Solutions LLC bought a new position in shares of SAP SE (NYSE:SAP - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,839 shares of the software maker's stock, valued at approximately $1,772,000. SAP makes up 1.5% of Family Legacy Financial Solutions LLC's holdings, making the stock its 14th biggest position.

Other large investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC increased its position in shares of SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after acquiring an additional 82 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of 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 buying an additional 66 shares during the period. Founders Capital Management boosted its stake in shares of 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 buying an additional 75 shares during the period. Highline Wealth Partners LLC boosted its stake in shares of 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 buying an additional 77 shares during the period. Finally, Dagco Inc. acquired a new stake in SAP in the first quarter valued at approximately $45,000.

SAP Price Performance

Shares of NYSE SAP traded down $2.61 during trading on Friday, hitting $267.13. 1,670,653 shares of the company were exchanged, compared to its average volume of 1,961,092. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a 1 year low of $217.51 and a 1 year high of $313.28. The firm's fifty day moving average price is $279.53 and its 200 day moving average price is $282.42. The company has a market cap of $328.17 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 3.83 and a beta of 1.29.

SAP (NYSE:SAP - Get Free Report) last issued its 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. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the company posted $1.10 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Piper Sandler initiated coverage on SAP in a report on Tuesday, June 17th. They set an "overweight" rating for the company. Erste Group Bank lowered SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, 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 report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $281.67.

About SAP

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.