West Tower Group LLC Buys New Stake in SAP SE $SAP

Key Points

• West Tower Group LLC acquired a new stake in SAP SE, purchasing 1,000 shares valued at approximately $304,000 during the second quarter.
• Analysts have mixed views on SAP, with Oddo Bhf upgrading its rating to "outperform" while Wall Street Zen downgraded it to "hold"; the stock currently holds an average rating of "Buy" with a consensus target price of $281.67.
• SAP reported a quarterly earnings per share (EPS) of $1.70, exceeding analysts' expectations, and its revenue rose by 8.9% year-over-year to $10.58 billion.

West Tower Group LLC bought a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,000 shares of the software maker's stock, valued at approximately $304,000.

Other institutional investors also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC grew its stake in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after acquiring an additional 66 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of SAP in the 2nd quarter worth $31,000. Dagco Inc. purchased a new position in shares of SAP in the 1st quarter worth $45,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of SAP in the 1st quarter worth $53,000.

Analyst Ratings Changes

A number of equities analysts have commented on SAP shares. Oddo Bhf raised shares of SAP from a "neutral" rating to an "outperform" rating in a research note on Wednesday, September 24th. Weiss Ratings reissued a "buy (b)" rating on shares of SAP in a research note on Wednesday, October 8th. Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. JMP Securities lifted their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $281.67.

SAP Price Performance

SAP stock opened at $272.84 on Monday. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $269.74 and a 200 day moving average price of $282.57. The stock has a market cap of $335.18 billion, a PE ratio of 45.17, a P/E/G ratio of 4.06 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the company earned $1.10 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share 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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