Cerity Partners LLC Boosts Holdings in SAP SE $SAP

Cerity Partners LLC raised its position in SAP SE (NYSE:SAP) by 23.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,881 shares of the software maker’s stock after acquiring an additional 24,273 shares during the period. Cerity Partners LLC’s holdings in SAP were worth $34,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. First PREMIER Bank purchased a new position in SAP during the 3rd quarter worth $25,000. Retirement Wealth Solutions LLC grew its stake in shares of SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after acquiring an additional 69 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of SAP during the second quarter worth about $31,000. Albion Financial Group UT increased its holdings in shares of SAP by 56.8% during the third quarter. Albion Financial Group UT now owns 127 shares of the software maker’s stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Finally, True Wealth Design LLC raised its position in shares of SAP by 424.0% in the 3rd quarter. True Wealth Design LLC now owns 131 shares of the software maker’s stock valued at $35,000 after purchasing an additional 106 shares during the last quarter.

SAP Price Performance

Shares of SAP opened at $241.09 on Friday. The business’s 50-day moving average is $245.15 and its two-hundred day moving average is $267.99. The company has a market capitalization of $299.05 billion, a P/E ratio of 36.09, a P/E/G ratio of 2.99 and a beta of 1.18. SAP SE has a fifty-two week low of $233.51 and a fifty-two week high of $313.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SAP shares. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Citigroup reissued a “buy” rating on shares of SAP in a report on Thursday, December 11th. Weiss Ratings restated a “buy (b-)” rating on shares of SAP in a research note on Friday, October 31st. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $375.00 price objective on shares of SAP in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $284.33.

SAP Company Profile

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.