Diversify Wealth Management LLC Has $3.10 Million Holdings in SAP SE (NYSE:SAP)

Diversify Wealth Management LLC grew its stake in shares of SAP SE (NYSE:SAP - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,304 shares of the software maker's stock after acquiring an additional 1,209 shares during the period. Diversify Wealth Management LLC's holdings in SAP were worth $3,095,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SAP. Godsey & Gibb Inc. purchased a new stake in shares of SAP during the third quarter valued at $25,000. Brooklyn Investment Group acquired a new stake in SAP during the 3rd quarter worth about $42,000. Financial Management Professionals Inc. lifted its stake in SAP by 104.0% during the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker's stock valued at $50,000 after buying an additional 103 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of SAP in the third quarter worth about $47,000. Finally, Versant Capital Management Inc acquired a new position in shares of SAP in the fourth quarter worth about $54,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 22nd. TD Cowen raised SAP from a "hold" rating to a "buy" rating and raised their target price for the stock from $240.00 to $305.00 in a research report on Friday. BMO Capital Markets upped their price target on SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Finally, Barclays raised their price objective on SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has a consensus rating of "Buy" and an average target price of $263.17.

SAP Stock Up 0.4 %

SAP stock traded up $1.16 during mid-day trading on Monday, hitting $262.74. The stock had a trading volume of 799,030 shares, compared to its average volume of 846,095. The stock has a market capitalization of $322.77 billion, a price-to-earnings ratio of 105.09, a PEG ratio of 3.56 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 1-year low of $158.94 and a 1-year high of $264.71. The company has a fifty day moving average of $245.68 and a 200 day moving average of $228.29.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. On average, equities analysts expect that SAP SE will post 4.66 EPS for the current fiscal 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.