Compass Wealth Management LLC Takes $1.29 Million Position in SAP SE $SAP

Compass Wealth Management LLC bought a new position in SAP SE (NYSE:SAP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,820 shares of the software maker’s stock, valued at approximately $1,288,000.

A number of other hedge funds also recently bought and sold shares of SAP. Avestar Capital LLC lifted its holdings in SAP by 9.9% in the 3rd quarter. Avestar Capital LLC now owns 2,666 shares of the software maker’s stock worth $712,000 after buying an additional 241 shares during the period. Synovus Financial Corp raised its holdings in shares of SAP by 2.9% during the third quarter. Synovus Financial Corp now owns 24,887 shares of the software maker’s stock valued at $6,650,000 after acquiring an additional 695 shares in the last quarter. NewEdge Wealth LLC lifted its stake in SAP by 22.2% in the third quarter. NewEdge Wealth LLC now owns 18,819 shares of the software maker’s stock worth $4,913,000 after acquiring an additional 3,424 shares during the period. CenterBook Partners LP bought a new stake in SAP in the third quarter valued at $391,000. Finally, Advisors Capital Management LLC increased its position in SAP by 11.9% during the 3rd quarter. Advisors Capital Management LLC now owns 6,918 shares of the software maker’s stock valued at $1,849,000 after purchasing an additional 736 shares during the period.

Analysts Set New Price Targets

Several research firms have recently commented on SAP. Arete Research raised shares of SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Piper Sandler began coverage on shares of SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating for the company. Wall Street Zen raised SAP from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Monday, October 27th. Finally, Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Price Performance

Shares of NYSE SAP opened at $200.29 on Friday. The company has a 50 day simple moving average of $228.46 and a two-hundred day simple moving average of $251.35. SAP SE has a fifty-two week low of $189.22 and a fifty-two week high of $313.28. The company has a market capitalization of $246.06 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 2.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.52% and a net margin of 19.92%.The firm had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the firm posted $1.40 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts expect that SAP SE will post 6.55 EPS 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.