Sequoia Financial Advisors LLC Purchases 1,835 Shares of SAP SE $SAP

Sequoia Financial Advisors LLC increased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 15.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,876 shares of the software maker's stock after buying an additional 1,835 shares during the quarter. Sequoia Financial Advisors LLC's holdings in SAP were worth $4,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Contravisory Investment Management Inc. increased its holdings in SAP by 3.2% in the second quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker's stock valued at $338,000 after purchasing an additional 34 shares during the last quarter. Independent Advisor Alliance raised its stake in SAP by 0.4% in the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker's stock valued at $2,673,000 after acquiring an additional 35 shares during the period. Cordatus Wealth Management LLC increased its stake in shares of SAP by 1.1% during the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock worth $889,000 after purchasing an additional 37 shares during the period. Sage Rhino Capital LLC boosted its position in shares of SAP by 1.1% in the second quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker's stock valued at $1,045,000 after acquiring an additional 37 shares during the period. Finally, LCM Capital Management Inc grew its holdings in shares of SAP by 1.9% during the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker's stock worth $557,000 after purchasing an additional 39 shares in the last quarter.

SAP Stock Up 0.3%

NYSE SAP opened at $270.54 on Wednesday. The company has a market capitalization of $332.36 billion, a P/E ratio of 44.79, a price-to-earnings-growth ratio of 4.01 and a beta of 1.28. SAP SE has a 52 week low of $227.52 and a 52 week high of $313.28. The stock's 50-day moving average price is $271.05 and its 200-day moving average price is $282.42. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping the consensus estimate 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%.The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. On average, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SAP shares. Erste Group Bank cut 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 research note on Wednesday, September 24th. Piper Sandler initiated coverage on SAP in a report on Tuesday, June 17th. They set an "overweight" rating for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SAP in a report on Wednesday, October 8th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $281.67.

About SAP

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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