Legacy Wealth Asset Management LLC Has $2.68 Million Holdings in SAP SE (NYSE:SAP)

Legacy Wealth Asset Management LLC reduced its stake in SAP SE (NYSE:SAP - Free Report) by 15.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,702 shares of the software maker's stock after selling 2,113 shares during the period. SAP accounts for approximately 0.7% of Legacy Wealth Asset Management LLC's holdings, making the stock its 20th largest holding. Legacy Wealth Asset Management LLC's holdings in SAP were worth $2,681,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Godsey & Gibb Inc. bought a new position in shares of SAP during the third quarter worth $25,000. LRI Investments LLC bought a new stake in SAP in the 1st quarter valued at $25,000. POM Investment Strategies LLC boosted its stake in SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker's stock worth $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC increased its holdings in SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker's stock worth $28,000 after purchasing an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of SAP in the 1st quarter valued at about $29,000.

SAP Stock Performance

NYSE:SAP traded down $0.61 during mid-day trading on Friday, hitting $237.69. The stock had a trading volume of 741,545 shares, compared to its average volume of 796,464. SAP SE has a twelve month low of $130.63 and a twelve month high of $240.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $292.00 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 4.42 and a beta of 1.25. The company's 50 day simple moving average is $223.61 and its 200 day simple moving average is $204.82.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.39%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. On average, equities research analysts forecast that SAP SE will post 4.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SAP shares. 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 shares of SAP from $234.00 to $240.00 and gave the company a "hold" rating in a research note on Tuesday. Barclays increased their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research note on Wednesday. JMP Securities raised their price objective on SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a report on Tuesday. Finally, BMO Capital Markets upped their target price on SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.33.

About SAP

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.