Pure Financial Advisors LLC Has $831,000 Stock Holdings in SAP SE $SAP

Key Points

• Pure Financial Advisors LLC increased its investments in SAP SE by 60.8% during the second quarter, holding shares worth $831,000 at the end of the quarter.
• SAP SE reported a quarterly earnings per share (EPS) of $1.70, exceeding analyst expectations of $1.63, and achieved revenue of $10.58 billion.
• Analyst ratings for SAP show a consensus rating of "Buy" with an average target price of $281.67.

Pure Financial Advisors LLC increased its position in shares of SAP SE (NYSE:SAP - Free Report) by 60.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,732 shares of the software maker's stock after acquiring an additional 1,033 shares during the quarter. Pure Financial Advisors LLC's holdings in SAP were worth $831,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. TD Asset Management Inc lifted its stake in shares of SAP by 3.8% during the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock valued at $446,364,000 after acquiring an additional 60,261 shares during the period. Northern Trust Corp lifted its stake in shares of SAP by 2.8% during the first quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker's stock valued at $406,076,000 after acquiring an additional 40,926 shares during the period. Goldman Sachs Group Inc. increased its holdings in SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after purchasing an additional 80,164 shares during the last quarter. WCM Investment Management LLC increased its holdings in SAP by 5.5% in the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock valued at $329,395,000 after purchasing an additional 63,538 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in SAP by 2.6% in the first quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker's stock valued at $98,483,000 after purchasing an additional 9,411 shares during the last quarter.

SAP Stock Up 0.8%

NYSE:SAP opened at $272.16 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $334.35 billion, a PE ratio of 45.06, a PEG ratio of 3.88 and a beta of 1.28. SAP SE has a 52-week low of $217.51 and a 52-week high of $313.28. The stock has a 50-day simple moving average of $273.23 and a 200 day simple moving average of $282.33.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.SAP's quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. On average, sell-side analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SAP. Morgan Stanley reiterated an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. JMP Securities upped their price objective on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. Erste Group Bank downgraded SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Oddo Bhf upgraded SAP from a "neutral" rating to an "outperform" rating in a report on Wednesday, September 24th. Finally, Piper Sandler initiated coverage on SAP in a report on Tuesday, June 17th. They issued an "overweight" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average 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.

Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.