Calamos Wealth Management LLC Has $3.47 Million Stake in SAP SE $SAP

Calamos Wealth Management LLC lowered its stake in shares of SAP SE (NYSE:SAP) by 27.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,971 shares of the software maker’s stock after selling 4,907 shares during the quarter. Calamos Wealth Management LLC’s holdings in SAP were worth $3,466,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. First PREMIER Bank bought a new position in shares of SAP in the third quarter worth $25,000. Retirement Wealth Solutions LLC lifted its position in SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after purchasing an additional 69 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in SAP during the second quarter worth about $31,000. Princeton Global Asset Management LLC bought a new position in SAP in the 2nd quarter valued at about $38,000. Finally, Motco increased its holdings in SAP by 400.0% in the 2nd quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after buying an additional 100 shares during the period.

SAP Stock Down 0.6%

Shares of SAP opened at $244.61 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11. SAP SE has a 52 week low of $233.51 and a 52 week high of $313.28. The stock has a market capitalization of $300.50 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 3.53 and a beta of 1.19. The stock has a fifty day moving average of $249.15 and a 200-day moving average of $270.14.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. The business had revenue of $10.65 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.SAP’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS. As a group, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Barclays raised their target price on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a report on Friday, October 24th. JMP Securities reissued a “market outperform” rating and set a $375.00 price target on shares of SAP in a report on Thursday, October 23rd. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research report on Monday, October 27th. Finally, Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, SAP currently has an average rating of “Buy” and an average price target of $284.33.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.