Arkadios Wealth Advisors Sells 1,860 Shares of SAP SE $SAP

Arkadios Wealth Advisors lessened its holdings in shares of SAP SE (NYSE:SAP) by 23.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,152 shares of the software maker’s stock after selling 1,860 shares during the quarter. Arkadios Wealth Advisors’ holdings in SAP were worth $1,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. bought a new position in SAP during the second quarter valued at approximately $31,000. Motco raised its position in SAP by 400.0% during the second quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in SAP during the second quarter valued at approximately $38,000. Solstein Capital LLC acquired a new position in SAP during the second quarter valued at approximately $40,000. Finally, Dagco Inc. acquired a new position in SAP during the first quarter valued at approximately $45,000.

Wall Street Analyst Weigh In

SAP has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of SAP in a report on Friday. Erste Group Bank downgraded SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday, October 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $284.33.

SAP Trading Up 0.4%

Shares of SAP stock opened at $260.14 on Friday. The company’s fifty day simple moving average is $268.59 and its 200-day simple moving average is $283.67. The company has a market cap of $319.59 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 3.83 and a beta of 1.28. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. SAP’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.23 earnings per share. As a group, sell-side analysts expect 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.