Axxcess Wealth Management LLC Lowers Stock Position in SAP SE (NYSE:SAP)

Axxcess Wealth Management LLC cut its stake in shares of SAP SE (NYSE:SAP - Free Report) by 48.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,573 shares of the software maker's stock after selling 3,342 shares during the quarter. Axxcess Wealth Management LLC's holdings in SAP were worth $959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SAP. Brighton Jones LLC grew its position in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after buying an additional 1,255 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of SAP by 16.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 76,495 shares of the software maker's stock worth $18,834,000 after buying an additional 10,763 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of SAP during the fourth quarter worth about $2,607,000. Daiwa Securities Group Inc. acquired a new position in shares of SAP during the fourth quarter worth about $366,000. Finally, Independent Advisor Alliance grew its position in shares of SAP by 2.5% during the fourth quarter. Independent Advisor Alliance now owns 9,922 shares of the software maker's stock worth $2,443,000 after buying an additional 239 shares in the last quarter.

SAP Stock Performance

Shares of SAP traded down $5.22 during mid-day trading on Friday, reaching $300.99. 1,105,063 shares of the company's stock were exchanged, compared to its average volume of 1,093,398. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $369.77 billion, a PE ratio of 57.66, a price-to-earnings-growth ratio of 4.33 and a beta of 1.30. The business's fifty day simple moving average is $299.07 and its 200-day simple moving average is $279.28. SAP SE has a 52-week low of $194.93 and a 52-week high of $313.28.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. On average, equities research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JMP Securities reiterated a "market outperform" rating and issued a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. BMO Capital Markets raised their price objective on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. UBS Group raised shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. Piper Sandler began coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating for the company. Finally, Wells Fargo & Company started coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $271.83.

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.