EverSource Wealth Advisors LLC Acquires 281 Shares of SAP SE (NYSE:SAP)

EverSource Wealth Advisors LLC raised its holdings in SAP SE (NYSE:SAP) by 31.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,178 shares of the software maker’s stock after purchasing an additional 281 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in SAP were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Apollon Wealth Management LLC bought a new position in shares of SAP during the 4th quarter worth $492,000. BNP Paribas Financial Markets grew its stake in shares of SAP by 21.1% during the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after acquiring an additional 4,596 shares during the period. Wealthspire Advisors LLC purchased a new stake in SAP during the 1st quarter worth about $237,000. Henry James International Management Inc. lifted its holdings in SAP by 18.9% during the 1st quarter. Henry James International Management Inc. now owns 48,895 shares of the software maker’s stock worth $9,536,000 after purchasing an additional 7,765 shares in the last quarter. Finally, Phillips Wealth Planners LLC purchased a new stake in SAP during the 4th quarter worth about $221,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. JMP Securities increased their price objective on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen increased their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, BMO Capital Markets increased their price objective on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.17.

SAP Price Performance

SAP traded down $0.84 on Friday, hitting $204.72. 1,144,568 shares of the company were exchanged, compared to its average volume of 849,757. The firm has a fifty day simple moving average of $197.84 and a two-hundred day simple moving average of $189.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. SAP SE has a 12 month low of $126.75 and a 12 month high of $214.94.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. Equities research analysts forecast that SAP SE will post 4.75 earnings per share for the current year.

SAP Profile

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.