Stratos Wealth Advisors LLC Purchases New Position in SAP SE (NYSE:SAP)

Stratos Wealth Advisors LLC purchased a new stake in SAP SE (NYSE:SAP - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 972 shares of the software maker's stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. Brighton Jones LLC boosted its holdings in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after purchasing an additional 1,255 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in SAP by 16.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 76,495 shares of the software maker's stock valued at $18,834,000 after purchasing an additional 10,763 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $2,607,000. Daiwa Securities Group Inc. acquired a new stake in shares of SAP in the fourth quarter valued at approximately $366,000. Finally, Independent Advisor Alliance boosted its holdings in shares of SAP by 2.5% in the fourth quarter. Independent Advisor Alliance now owns 9,922 shares of the software maker's stock valued at $2,443,000 after acquiring an additional 239 shares during the period.

Analysts Set New Price Targets

SAP has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. Piper Sandler initiated coverage on SAP in a report on Tuesday, June 17th. They issued an "overweight" rating for the company. Finally, UBS Group raised SAP to a "strong-buy" rating in a report on Friday, May 30th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, SAP has an average rating of "Buy" and a consensus target price of $271.83.

SAP Price Performance

Shares of NYSE SAP opened at $300.99 on Friday. 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 fifty day moving average price of $299.07 and a 200 day moving average price of $279.28. SAP SE has a 1-year low of $194.93 and a 1-year high of $313.28. The company has a market cap of $369.77 billion, a PE ratio of 57.66, a P/E/G ratio of 4.33 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. Sell-side analysts forecast that SAP SE will post 6.55 EPS for the current year.

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.

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