Venturi Wealth Management LLC Cuts Position in SAP SE (NYSE:SAP)

Venturi Wealth Management LLC lessened its stake in shares of SAP SE (NYSE:SAP - Free Report) by 25.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,283 shares of the software maker's stock after selling 3,175 shares during the quarter. Venturi Wealth Management LLC's holdings in SAP were worth $2,492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC boosted its position 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 worth $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position 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 worth $29,000 after purchasing an additional 66 shares in the last quarter. Founders Capital Management boosted its position in shares of SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Highline Wealth Partners LLC boosted its position in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after purchasing an additional 77 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in shares of SAP by 108.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock worth $53,000 after purchasing an additional 101 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. BMO Capital Markets lifted their price target on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. JMP Securities lifted their price target on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Finally, Argus reaffirmed a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $281.67.

SAP Stock Performance

Shares of NYSE SAP traded up $1.59 during trading on Friday, reaching $287.75. 1,608,657 shares of the company traded hands, compared to its average volume of 1,304,201. The firm's fifty day simple moving average is $300.15 and its 200 day simple moving average is $282.88. The stock has a market cap of $353.51 billion, a P/E ratio of 47.64, a PEG ratio of 4.10 and a beta of 1.30. SAP SE has a 12-month low of $194.93 and a 12-month high of $313.28. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 14.77% and a net margin of 18.26%. The company's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. As a group, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal 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.