Atria Wealth Solutions Inc. Has $898,000 Stake in SAP SE (NYSE:SAP)

Atria Wealth Solutions Inc. trimmed its position in SAP SE (NYSE:SAP) by 39.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,346 shares of the software maker’s stock after selling 2,165 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in SAP were worth $898,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after acquiring an additional 1,255 shares in the last quarter. Alliancebernstein L.P. raised its stake in SAP by 15.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker’s stock worth $313,000 after acquiring an additional 172 shares in the last quarter. Invesco Ltd. raised its stake in SAP by 9.0% during the fourth quarter. Invesco Ltd. now owns 151,709 shares of the software maker’s stock worth $37,352,000 after acquiring an additional 12,503 shares in the last quarter. Advisory Services Network LLC raised its stake in SAP by 20.8% during the fourth quarter. Advisory Services Network LLC now owns 2,342 shares of the software maker’s stock worth $577,000 after acquiring an additional 403 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in SAP by 9.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 22,491 shares of the software maker’s stock worth $5,520,000 after acquiring an additional 1,971 shares in the last quarter.

SAP Price Performance

SAP stock opened at $287.31 on Tuesday. The business’s 50-day simple moving average is $297.66 and its 200 day simple moving average is $285.17. The stock has a market cap of $352.96 billion, a price-to-earnings ratio of 47.57, a P/E/G ratio of 4.20 and a beta of 1.27. SAP SE has a 12-month low of $205.51 and a 12-month high of $313.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%. The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on SAP. UBS Group upgraded SAP to a “strong-buy” rating in a research note on Friday, May 30th. Barclays restated an “overweight” rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. JMP Securities increased their target price on SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 23rd. Wells Fargo & Company began coverage on SAP in a report on Tuesday, May 20th. They set an “overweight” rating on the stock. Finally, BMO Capital Markets increased their target price on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $281.67.

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.