SAP SE $SAP Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its stake in SAP SE (NYSE:SAP) by 11.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,916 shares of the software maker’s stock after buying an additional 1,053 shares during the quarter. HB Wealth Management LLC’s holdings in SAP were worth $3,015,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew its stake in shares of SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock valued at $26,000 after buying an additional 82 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of SAP in the second quarter valued at about $31,000. Creative Financial Designs Inc. ADV grew its stake in SAP by 153.5% during 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. Highline Wealth Partners LLC grew its stake in SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock valued at $37,000 after purchasing an additional 77 shares in the last quarter. Finally, Dagco Inc. acquired a new stake in SAP during the 1st quarter valued at approximately $45,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SAP shares. Piper Sandler started coverage on SAP in a research note on Tuesday, June 17th. They set an “overweight” rating for the company. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Barclays restated an “overweight” rating and set a $322.00 price objective (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Finally, Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $281.67.

SAP Price Performance

Shares of SAP opened at $270.17 on Thursday. The firm has a market cap of $331.91 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 3.84 and a beta of 1.28. The stock has a 50 day moving average of $273.52 and a 200-day moving average of $282.31. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 52 week low of $217.51 and a 52 week high of $313.28.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. As a group, analysts forecast that SAP SE will post 6.55 EPS for the current year.

SAP 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.