Marks Group Wealth Management Inc decreased its stake in SAP SE (NYSE:SAP - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,854 shares of the software maker's stock after selling 1,212 shares during the quarter. Marks Group Wealth Management Inc's holdings in SAP were worth $2,108,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. 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. Founders Capital Management increased its holdings in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. Highline Wealth Partners LLC lifted its stake in 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 buying an additional 77 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in SAP during the first quarter worth about $53,000.
SAP Stock Down 0.0%
Shares of NYSE:SAP traded down $0.11 during mid-day trading on Monday, reaching $300.74. 902,435 shares of the stock were exchanged, compared to its average volume of 1,094,467. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The company has a market cap of $369.46 billion, a P/E ratio of 57.61, a P/E/G ratio of 4.26 and a beta of 1.30. SAP SE has a one year low of $194.93 and a one year high of $313.28. The stock's 50 day simple moving average is $299.07 and its 200-day simple moving average is $279.64.
SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. As a group, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Argus restated a "buy" rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Barclays restated an "overweight" rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a report on Friday, May 2nd. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. Finally, BMO Capital Markets increased their price target on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SAP currently has a consensus rating of "Buy" and a consensus target price of $271.83.
Get Our Latest Stock Analysis on SAP
SAP Profile
(
Free Report)
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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