Schechter Investment Advisors LLC Has $2.70 Million Stock Holdings in SAP SE (NYSE:SAP)

Schechter Investment Advisors LLC decreased its position in SAP SE (NYSE:SAP - Free Report) by 19.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,062 shares of the software maker's stock after selling 2,443 shares during the quarter. Schechter Investment Advisors LLC's holdings in SAP were worth $2,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SAP. Bartlett & CO. Wealth Management LLC lifted its stake 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. Creative Financial Designs Inc. ADV raised its stake in shares of 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 purchasing an additional 66 shares in the last quarter. Founders Capital Management lifted 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 buying an additional 75 shares during the last quarter. Highline Wealth Partners LLC raised its holdings in shares of SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after purchasing an additional 77 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in SAP in the first quarter valued at approximately $53,000.

SAP Price Performance

Shares of NYSE SAP traded down $5.22 during midday trading on Friday, reaching $300.99. 1,105,063 shares of the company traded hands, compared to its average volume of 1,095,238. The stock's 50-day simple moving average is $299.07 and its 200-day simple moving average is $279.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. SAP SE has a 12 month low of $194.93 and a 12 month high of $313.28. The firm has a market cap of $369.77 billion, a PE ratio of 57.66, a PEG ratio of 4.26 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. As a group, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SAP shares. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. Piper Sandler started coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $330.00 price target on shares of SAP in a research report on Friday, May 23rd. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $271.83.

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.