Wipfli Financial Advisors LLC Invests $116,000 in SAP SE (NYSE:SAP)

Wipfli Financial Advisors LLC acquired a new position in shares of SAP SE (NYSE:SAPGet Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,425 shares of the software maker’s stock, valued at approximately $116,000.

Other hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in shares of SAP in the second quarter valued at approximately $25,000. Geneos Wealth Management Inc. increased its holdings in shares of SAP by 650.0% in the second quarter. Geneos Wealth Management Inc. now owns 300 shares of the software maker’s stock valued at $27,000 after purchasing an additional 260 shares in the last quarter. Allworth Financial LP increased its holdings in shares of SAP by 108.0% in the second quarter. Allworth Financial LP now owns 312 shares of the software maker’s stock valued at $28,000 after purchasing an additional 162 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of SAP by 77.0% in the second quarter. EverSource Wealth Advisors LLC now owns 354 shares of the software maker’s stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of SAP in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 5.23% of the company’s stock.

SAP Trading Up 1.8 %

Shares of NYSE:SAP opened at $113.42 on Wednesday. SAP SE has a 12 month low of $78.22 and a 12 month high of $140.41. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $106.26 and its 200 day simple moving average is $94.92. The firm has a market cap of $133.79 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 5.05 and a beta of 1.13.

SAP (NYSE:SAPGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.12). SAP had a return on equity of 7.82% and a net margin of 10.71%. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.48 billion. As a group, research analysts forecast that SAP SE will post 2.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of SAP from a “buy” rating to an “underperform” rating in a report on Thursday, November 17th. Cowen reduced their price objective on shares of SAP from $107.00 to $106.00 in a research note on Wednesday, October 26th. Oddo Bhf cut shares of SAP from a “neutral” rating to an “underperform” rating in a research note on Tuesday, December 6th. Barclays raised shares of SAP from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $106.00 to $136.00 in a research note on Monday, November 21st. Finally, Citigroup raised their price objective on shares of SAP from €95.00 ($102.15) to €100.00 ($107.53) and gave the company a “neutral” rating in a research note on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $111.73.

About SAP

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SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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