SAP SE (NYSE:SAP) Stock Holdings Decreased by Moran Wealth Management LLC

Moran Wealth Management LLC lowered its stake in SAP SE (NYSE:SAP) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 21,014 shares of the software maker’s stock after selling 82 shares during the period. Moran Wealth Management LLC’s holdings in SAP were worth $4,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new stake in shares of SAP in the 3rd quarter worth about $25,000. LRI Investments LLC bought a new stake in shares of SAP in the 1st quarter worth about $25,000. POM Investment Strategies LLC increased its position in shares of 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 last quarter. Crewe Advisors LLC increased its position in shares of SAP by 1,270.0% in 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 during the last quarter. Finally, Atticus Wealth Management LLC bought a new stake in shares of SAP in the 2nd quarter worth about $40,000.

SAP Trading Up 0.8 %

Shares of NYSE:SAP opened at $235.02 on Thursday. The company has a 50 day moving average of $230.05 and a 200-day moving average of $211.54. The firm has a market cap of $288.72 billion, a P/E ratio of 94.01, a P/E/G ratio of 4.50 and a beta of 1.25. SAP SE has a twelve month low of $148.38 and a twelve month high of $243.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the company posted $1.20 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that SAP SE will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SAP. 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 report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Barclays lifted their price target on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Company 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.