Marks Group Wealth Management Inc Raises Stock Holdings in SAP SE $SAP

Marks Group Wealth Management Inc increased its position in SAP SE (NYSE:SAP) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,096 shares of the software maker’s stock after buying an additional 242 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SAP were worth $2,462,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC boosted its holdings in 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 acquiring an additional 82 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in SAP in the second quarter valued at $31,000. Creative Financial Designs Inc. ADV boosted its holdings in SAP by 153.5% in 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. Highline Wealth Partners LLC boosted its holdings in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock valued at $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Dagco Inc. bought a new stake in SAP in the first quarter valued at $45,000.

SAP Price Performance

SAP opened at $270.48 on Monday. The stock has a 50-day moving average price of $272.89 and a 200-day moving average price of $282.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $332.29 billion, a PE ratio of 44.78, a P/E/G ratio of 3.89 and a beta of 1.28. SAP SE has a 1 year low of $217.51 and a 1 year high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The firm 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%.SAP’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. Sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Weiss Ratings restated a “buy (b)” rating on shares of SAP in a report on Saturday, September 27th. Barclays restated an “overweight” rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Morgan Stanley restated an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Finally, JMP Securities boosted their target price on shares of SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, SAP currently has an average rating of “Buy” and an average target price of $281.67.

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.