Compass Wealth Management LLC Makes New Investment in SAP SE $SAP

Compass Wealth Management LLC purchased a new stake in shares of SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,820 shares of the software maker’s stock, valued at approximately $1,288,000.

A number of other hedge funds also recently added to or reduced their stakes in SAP. Fisher Asset Management LLC boosted its stake in SAP by 9.0% during the 2nd quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock valued at $4,305,242,000 after purchasing an additional 1,163,616 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of SAP by 9,269.8% during the third quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock valued at $112,542,000 after purchasing an additional 416,678 shares in the last quarter. Trivest Advisors Ltd purchased a new stake in shares of SAP during the second quarter valued at $52,305,000. Finally, Jennison Associates LLC increased its holdings in SAP by 195.0% in the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after buying an additional 146,325 shares in the last quarter.

SAP Price Performance

Shares of SAP stock opened at $200.29 on Friday. The stock has a market cap of $246.06 billion, a P/E ratio of 28.41, a P/E/G ratio of 2.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17. The stock’s fifty day moving average is $228.46 and its 200 day moving average is $251.35. SAP SE has a one year low of $189.22 and a one year high of $313.28.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.52% and a net margin of 19.92%.The business had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the business posted $1.40 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

SAP has been the topic of several research analyst reports. Piper Sandler assumed coverage on shares of SAP in a research note on Tuesday, February 3rd. They set an “overweight” rating on the stock. KeyCorp restated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Arete Research upgraded shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Finally, HSBC upgraded SAP to a “hold” rating in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, SAP has a consensus rating of “Moderate Buy” and an average price target of $305.75.

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.