HB Wealth Management LLC Raises Stock Holdings in SAP SE $SAP

Key Points

• HB Wealth Management LLC increased its stake in SAP SE by 11.9% during the 2nd quarter, now owning 9,916 shares valued at approximately $3 million.
• Several institutional investors, including Bartlett & CO. Wealth Management, made significant increases to their positions in SAP, with Bartlett lifting its stake by 585.7% in Q1.
• SAP recently reported quarterly earnings of $1.70 EPS, exceeding analyst estimates and showing an 8.9% revenue growth compared to the previous year.

HB Wealth Management LLC grew its stake in SAP SE (NYSE:SAP - Free Report) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,916 shares of the software maker's stock after acquiring an additional 1,053 shares during the quarter. HB Wealth Management LLC's holdings in SAP were worth $3,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SAP. Bartlett & CO. Wealth Management LLC lifted its position in shares of SAP by 585.7% in the first 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 in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of SAP by 153.5% in the first 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 in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of SAP in the second quarter valued at $31,000. Highline Wealth Partners LLC lifted its position 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 valued at $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Dagco Inc. purchased a new stake in shares of SAP in the first quarter valued at $45,000.

SAP Stock Performance

SAP stock opened at $270.17 on Thursday. The stock's 50-day moving average is $273.52 and its 200-day moving average is $282.31. The company has a market cap of $331.91 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 3.84 and a beta of 1.28. 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 12 month low of $217.51 and a 12 month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. Equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on SAP shares. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research report on Tuesday, September 16th. Piper Sandler started coverage on SAP in a research report on Tuesday, June 17th. They set an "overweight" rating on the stock. Oddo Bhf upgraded SAP from a "neutral" rating to an "outperform" rating in a research report on Wednesday, September 24th. Erste Group Bank downgraded SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Barclays reiterated an "overweight" rating and set a $322.00 target price (up from $308.00) on shares of SAP in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average 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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