SAP SE $SAP Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC boosted its position in SAP SE (NYSE:SAP) by 23.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,219 shares of the software maker’s stock after acquiring an additional 2,303 shares during the period. HB Wealth Management LLC’s holdings in SAP were worth $3,265,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SAP. First PREMIER Bank purchased a new stake in shares of SAP in the third quarter valued at $25,000. Retirement Wealth Solutions LLC boosted its stake in SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after buying an additional 69 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in SAP in the 2nd quarter valued at about $31,000. Albion Financial Group UT increased its stake in shares of SAP by 56.8% during the 3rd 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 during the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of SAP by 424.0% during the 3rd quarter. True Wealth Design LLC now owns 131 shares of the software maker’s stock worth $35,000 after acquiring an additional 106 shares during the period.

Analyst Ratings Changes

Several equities analysts recently commented on SAP shares. Argus reaffirmed a “buy” rating and set a $320.00 price target on shares of SAP in a research report on Friday, October 24th. Barclays upped their price objective on SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Arete Research raised SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Morgan Stanley restated an “overweight” rating on shares of SAP in a report on Friday, October 31st. Finally, KeyCorp reiterated an “overweight” rating on shares of SAP in a report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $284.33.

SAP Trading Up 2.5%

Shares of SAP opened at $247.11 on Friday. SAP SE has a 12 month low of $233.51 and a 12 month high of $313.28. The stock’s 50-day moving average is $244.89 and its two-hundred day moving average is $267.68. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a market cap of $296.11 billion, a PE ratio of 36.99, a P/E/G ratio of 2.97 and a beta of 1.18.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating the consensus estimate of $1.69 by $0.17. The business 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% on a year-over-year basis. During the same period last year, the business posted $1.23 EPS. Equities analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal 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.