SAP SE $SAP Shares Sold by Acumen Wealth Advisors LLC

Acumen Wealth Advisors LLC lessened its holdings in shares of SAP SE (NYSE:SAP) by 34.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,387 shares of the software maker’s stock after selling 6,607 shares during the period. Acumen Wealth Advisors LLC’s holdings in SAP were worth $2,121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAP. Windacre Partnership LLC boosted its stake in SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after acquiring an additional 1,336,325 shares during the period. Bank of America Corp DE lifted its holdings in shares of SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares during the last quarter. Sustainable Growth Advisers LP boosted its position in SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after purchasing an additional 773,720 shares during the period. M&T Bank Corp grew its stake in SAP by 1,582.7% during the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock worth $198,529,000 after buying an additional 768,725 shares during the last quarter. Finally, Norges Bank bought a new stake in SAP in the fourth quarter valued at $81,784,000.

SAP Stock Performance

Shares of SAP opened at $154.54 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50 day moving average is $166.38 and its 200-day moving average is $185.91. SAP SE has a 12-month low of $148.06 and a 12-month high of $307.66. The stock has a market capitalization of $189.86 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.82 and a beta of 1.14.

SAP (NYSE:SAP) last released its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Equities research analysts anticipate that SAP SE will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SAP shares. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $270.83.

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.