Certior Financial Group LLC trimmed its position in shares of SAP SE (NYSE:SAP - Free Report) by 47.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,266 shares of the software maker's stock after selling 1,165 shares during the period. Certior Financial Group LLC's holdings in SAP were worth $340,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC grew its holdings in SAP by 585.7% during 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. Creative Financial Designs Inc. ADV grew its holdings in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Founders Capital Management grew its holdings in SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Highline Wealth Partners LLC grew its holdings in SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Dagco Inc. acquired a new position in SAP during the 1st quarter worth $45,000.
Analysts Set New Price Targets
Several research analysts have weighed in on SAP shares. Piper Sandler initiated coverage on shares of SAP in a report on Tuesday, June 17th. They set an "overweight" rating for the company. Erste Group Bank downgraded shares of SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wells Fargo & Company began coverage on shares of SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $281.67.
Check Out Our Latest Stock Analysis on SAP
SAP Stock Performance
Shares of SAP opened at $272.02 on Friday. The firm's 50 day moving average is $290.52 and its 200-day moving average is $284.61. The stock has a market capitalization of $334.18 billion, a P/E ratio of 45.04, a P/E/G ratio of 3.96 and a beta of 1.27. 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 $210.38 and a 12-month high of $313.28.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data 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. The company 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 revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. Equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.
SAP Profile
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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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