Live Oak Private Wealth LLC Makes New Investment in SAP SE $SAP

Key Points

• Live Oak Private Wealth initiated a position in SAP, purchasing 10,188 shares valued at approximately $1.57 million during the second quarter. Other institutional investors also increased or initiated smaller positions.
• SAP reported quarterly EPS of $1.82, missing the $2.00 consensus estimate, while revenue of $11.27 billion was slightly below expectations but increased 9.4% year over year.
• Analyst sentiment remains positive but has softened, with recent downgrades from Jefferies and UBS. SAP has a consensus “Moderate Buy” rating and an average price target of $264.83, above its reported opening price of $212.22.

Live Oak Private Wealth LLC bought a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,188 shares of the software maker's stock, valued at approximately $1,570,000.

Other institutional investors have also made changes to their positions in the company. Bayban acquired a new position in SAP during the 4th quarter worth about $28,000. Front Row Advisors LLC raised its stake in shares of SAP by 362.5% in the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker's stock worth $32,000 after acquiring an additional 145 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker's stock worth $35,000 after acquiring an additional 129 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in shares of SAP by 83.8% during the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker's stock worth $45,000 after purchasing an additional 67 shares in the last quarter. Finally, MidFirst Bank bought a new stake in shares of SAP during the fourth quarter valued at approximately $46,000.

SAP Trading Down 3.9%

SAP opened at $212.22 on Wednesday. The firm has a 50 day simple moving average of $182.59 and a 200 day simple moving average of $180.26. SAP SE has a fifty-two week low of $144.97 and a fifty-two week high of $281.36. The company has a market cap of $260.71 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 1.15.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.18). The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.30 billion. SAP had a net margin of 20.88% and a return on equity of 17.07%. SAP's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 earnings per share. On average, sell-side analysts anticipate that SAP SE will post 8.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SAP shares. Jefferies Financial Group lowered shares of SAP from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. UBS Group lowered SAP from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 26th. The Goldman Sachs Group reissued a "buy" rating and issued a $265.00 target price on shares of SAP in a research note on Wednesday, June 10th. Citigroup restated a "buy" rating on shares of SAP in a research report on Thursday, August 27th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of SAP in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $264.83.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

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