JGP Wealth Management LLC Takes $289,000 Position in SAP SE $SAP

Key Points

• JGP Wealth Management LLC acquired a new position in SAP SE, purchasing 951 shares valued at approximately $289,000 during the 2nd quarter.
• SAP reported quarterly earnings of $1.70 per share, exceeding analyst expectations, and boasting a revenue of $10.58 billion, up 8.9% from the previous year.
• Analyst ratings on SAP vary with some upgrades and downgrades, resulting in a consensus rating of "Buy" and a target price of $281.67 per share.

JGP Wealth Management LLC purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 951 shares of the software maker's stock, valued at approximately $289,000.

Several other large investors have also made changes to their positions in SAP. Bartlett & CO. Wealth Management LLC lifted its stake 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 valued at $26,000 after acquiring an additional 82 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of SAP by 153.5% during 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 during the period. Vermillion Wealth Management Inc. acquired a new position in shares of SAP during the second quarter valued at $31,000. Dagco Inc. acquired a new position in shares of SAP during the first quarter valued at $45,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of SAP during the first quarter valued at $53,000.

SAP Stock Up 0.3%

Shares of SAP stock opened at $270.54 on Wednesday. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28. The business has a 50-day moving average of $271.05 and a two-hundred day moving average of $282.42. The company has a market capitalization of $332.36 billion, a P/E ratio of 44.79, a price-to-earnings-growth ratio of 4.01 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 (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, 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 company had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities analysts predict that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent analyst reports. Erste Group Bank downgraded SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Barclays reiterated an "overweight" rating and issued a $322.00 price objective (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of SAP in a report on Wednesday, October 8th. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Oddo Bhf upgraded 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 issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $281.67.

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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