Naviter Wealth LLC Purchases 1,177 Shares of SAP SE $SAP

Key Points

• Naviter Wealth LLC increased its stake in SAP SE by 5.4% during the second quarter, now holding a total of 22,946 shares valued at approximately $6.98 million.
• SAP's stock opened at $269.70 with a market capitalization of $331.32 billion, reflecting its significant presence in the software industry.
• In its latest quarterly earnings report, SAP exceeded expectations with $1.70 earnings per share and revenue of $10.58 billion, marking an increase of 8.9% year-over-year.

Naviter Wealth LLC grew its stake in shares of SAP SE (NYSE:SAP - Free Report) by 5.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,946 shares of the software maker's stock after acquiring an additional 1,177 shares during the period. SAP comprises 0.9% of Naviter Wealth LLC's investment portfolio, making the stock its 21st biggest position. Naviter Wealth LLC's holdings in SAP were worth $6,978,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Moran Wealth Management LLC grew its position in shares of SAP by 0.4% during the 2nd quarter. Moran Wealth Management LLC now owns 18,708 shares of the software maker's stock valued at $5,689,000 after acquiring an additional 81 shares during the period. Endowment Wealth Management Inc. grew its position in shares of SAP by 18.8% during the 2nd quarter. Endowment Wealth Management Inc. now owns 927 shares of the software maker's stock valued at $282,000 after acquiring an additional 147 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of SAP by 15.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,876 shares of the software maker's stock valued at $4,220,000 after acquiring an additional 1,835 shares during the period. Vest Financial LLC bought a new position in shares of SAP during the 2nd quarter valued at approximately $217,000. Finally, Yousif Capital Management LLC grew its position in shares of SAP by 7.3% during the 2nd quarter. Yousif Capital Management LLC now owns 15,453 shares of the software maker's stock valued at $4,699,000 after acquiring an additional 1,054 shares during the period.

SAP Stock Performance

NYSE SAP opened at $269.70 on Tuesday. The company's 50 day simple moving average is $271.34 and its two-hundred day simple moving average is $282.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $331.32 billion, a PE ratio of 44.65, a P/E/G ratio of 3.94 and a beta of 1.28. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The firm had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. Analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on SAP shares. Barclays reaffirmed an "overweight" rating and issued a $322.00 price objective (up from $308.00) on shares of SAP in a report on Friday, July 25th. Oddo Bhf raised shares of SAP from a "neutral" rating to an "outperform" rating in a report on Wednesday, September 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. Piper Sandler initiated coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating on the stock. Finally, Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus 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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