SAP SE (NYSE:SAP) Holdings Lowered by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC decreased its stake in SAP SE (NYSE:SAP - Free Report) by 46.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,345 shares of the software maker's stock after selling 1,159 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in SAP were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SAP. GAMMA Investing LLC boosted its stake in SAP by 31,239.5% in the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after purchasing an additional 1,302,061 shares during the period. TD Asset Management Inc. boosted its position in shares of SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after acquiring an additional 798,037 shares in the last quarter. Northern Trust Corp boosted its holdings in SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after acquiring an additional 701,880 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of SAP in the fourth quarter worth approximately $163,630,000.

SAP Stock Up 0.8%

NYSE:SAP traded up $2.36 during midday trading on Thursday, hitting $308.38. 1,388,966 shares of the company were exchanged, compared to its average volume of 1,100,024. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $378.85 billion, a PE ratio of 59.08, a price-to-earnings-growth ratio of 4.33 and a beta of 1.30. SAP SE has a fifty-two week low of $194.93 and a fifty-two week high of $313.28. The company has a fifty day simple moving average of $299.28 and a 200 day simple moving average of $280.32.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. As a group, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Piper Sandler began coverage on SAP in a report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Argus restated a "buy" rating and issued a $320.00 price objective on shares of SAP in a research note on Tuesday, April 29th. Finally, Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $271.83.

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.