HB Wealth Management LLC Grows Holdings in SAP SE $SAP

HB Wealth Management LLC boosted its position in SAP SE (NYSE:SAP) by 23.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,219 shares of the software maker’s stock after buying an additional 2,303 shares during the quarter. HB Wealth Management LLC’s holdings in SAP were worth $3,265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new position in SAP in the second quarter valued at about $920,000. Modern Wealth Management LLC raised its position in shares of SAP by 292.2% in the 1st quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker’s stock valued at $1,252,000 after purchasing an additional 3,474 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SAP by 59.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock valued at $10,353,000 after buying an additional 12,637 shares during the last quarter. Rhumbline Advisers grew its position in shares of SAP by 5.3% during the first quarter. Rhumbline Advisers now owns 24,087 shares of the software maker’s stock worth $6,466,000 after buying an additional 1,216 shares in the last quarter. Finally, Connective Portfolio Management LLC bought a new stake in shares of SAP in the second quarter worth $734,000.

Analysts Set New Price Targets

SAP has been the topic of a number of research analyst reports. BMO Capital Markets reduced their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Argus reiterated a “buy” rating and issued a $320.00 price target on shares of SAP in a research note on Friday, October 24th. Barclays boosted their price objective on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SAP in a research report on Friday, October 31st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $284.33.

SAP Stock Up 2.5%

NYSE:SAP opened at $247.11 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $244.89 and a 200-day moving average of $267.68. The firm has a market capitalization of $296.11 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 2.97 and a beta of 1.18. SAP SE has a 52 week low of $233.51 and a 52 week high of $313.28.

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

SAP Profile

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.