Parcion Private Wealth LLC Takes $6.13 Million Position in SAP SE $SAP

Key Points

• Parcion Private Wealth LLC has acquired a new stake in SAP SE, purchasing 20,171 shares valued at approximately $6.13 million in Q2.
• SAP reported a 12% increase in quarterly revenue over the past year, reaching $10.58 billion and exceeding analysts' expectations.
• The stock currently has an average rating of "Buy" with a consensus target price of $281.67 from multiple analysts.

Parcion Private Wealth LLC purchased a new stake in SAP SE (NYSE:SAP - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 20,171 shares of the software maker's stock, valued at approximately $6,134,000.

Other large investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its holdings in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in SAP in the 2nd quarter valued at about $31,000. Creative Financial Designs Inc. ADV grew its stake in SAP by 153.5% in the 1st 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 last quarter. Princeton Global Asset Management LLC acquired a new stake in SAP in the 2nd quarter valued at about $38,000. Finally, Dagco Inc. acquired a new stake in SAP in the 1st quarter valued at about $45,000.

SAP Price Performance

SAP stock opened at $280.61 on Wednesday. The firm's 50-day moving average is $269.65 and its two-hundred day moving average is $282.76. 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 SE has a 12-month low of $227.52 and a 12-month high of $313.28. The stock has a market capitalization of $344.73 billion, a P/E ratio of 46.46, a P/E/G ratio of 4.13 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last released its 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 net margin of 18.26% and a return on equity of 14.84%. The business had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the company earned $1.10 earnings per share. The company's quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SAP shares. Erste Group Bank cut shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. JMP Securities increased their price objective on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 23rd. Oddo Bhf raised shares of SAP from a "neutral" rating to an "outperform" rating in a research note on Wednesday, September 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of SAP in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average 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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