Marks Group Wealth Management Inc cut its position in shares of SAP SE (NYSE:SAP - Free Report) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,980 shares of the software maker's stock after selling 2,680 shares during the period. Marks Group Wealth Management Inc's holdings in SAP were worth $2,286,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Advisors LLC raised its position in SAP by 113.3% during the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker's stock valued at $2,939,000 after purchasing an additional 8,003 shares in the last quarter. BNP Paribas Financial Markets raised its position in SAP by 21.1% during the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker's stock valued at $5,141,000 after purchasing an additional 4,596 shares in the last quarter. Creative Planning raised its position in SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker's stock valued at $21,864,000 after purchasing an additional 14,546 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in SAP during the 3rd quarter valued at $3,780,000. Finally, Dash Acquisitions Inc. raised its position in SAP by 2.8% during the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker's stock valued at $19,039,000 after purchasing an additional 2,175 shares in the last quarter.
SAP Stock Performance
SAP stock traded down $4.64 during trading hours on Wednesday, hitting $231.26. 1,821,807 shares of the stock traded hands, compared to its average volume of 800,383. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm's 50 day moving average price is $226.49 and its 200-day moving average price is $208.02. The stock has a market capitalization of $284.10 billion, a price-to-earnings ratio of 92.50, a P/E/G ratio of 4.46 and a beta of 1.25. SAP SE has a 1 year low of $139.76 and a 1 year high of $243.01.
SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $8.47 billion for the quarter, compared to analysts' expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 EPS. As a group, equities analysts expect that SAP SE will post 4.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on SAP shares. Barclays lifted their target price on SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Argus upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, July 31st. TD Cowen lifted their price target on SAP from $234.00 to $240.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, JMP Securities lifted their price target on SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, SAP has a consensus rating of "Moderate Buy" and a consensus price target of $252.33.
Read Our Latest Analysis on SAP
About SAP
(
Free Report)
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.
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