Calamos Wealth Management LLC Sells 4,907 Shares of SAP SE $SAP

Calamos Wealth Management LLC decreased its stake in SAP SE (NYSE:SAP) by 27.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,971 shares of the software maker’s stock after selling 4,907 shares during the period. Calamos Wealth Management LLC’s holdings in SAP were worth $3,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. First PREMIER Bank bought a new position in SAP in the third quarter valued at approximately $25,000. Retirement Wealth Solutions LLC grew its stake in shares of SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after buying an additional 69 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in SAP during the second quarter worth $31,000. Princeton Global Asset Management LLC bought a new stake in SAP during the second quarter worth $38,000. Finally, Motco lifted its stake in SAP by 400.0% in the second quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SAP. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Citigroup reissued a “buy” rating on shares of SAP in a research report on Thursday, December 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $375.00 price objective on shares of SAP in a research report on Thursday, October 23rd. Arete Research raised SAP to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $284.33.

SAP Price Performance

Shares of NYSE SAP opened at $244.61 on Wednesday. The firm has a market cap of $300.50 billion, a P/E ratio of 36.62, a price-to-earnings-growth ratio of 3.53 and a beta of 1.19. The business’s 50 day moving average is $249.15 and its 200-day moving average is $270.14. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. SAP SE has a 1-year low of $233.51 and a 1-year high of $313.28.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The firm had revenue of $10.65 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 EPS. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

About SAP

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.