AMJ Financial Wealth Management Cuts Holdings in SAP SE $SAP

AMJ Financial Wealth Management lessened its stake in SAP SE (NYSE:SAP) by 22.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,849 shares of the software maker’s stock after selling 8,673 shares during the quarter. SAP accounts for approximately 1.9% of AMJ Financial Wealth Management’s portfolio, making the stock its 27th biggest position. AMJ Financial Wealth Management’s holdings in SAP were worth $7,976,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in SAP by 91.1% in 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 during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of SAP during the 1st quarter worth $242,000. AQR Capital Management LLC grew its stake in shares of SAP by 49.0% during the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after purchasing an additional 5,363 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of SAP during the first quarter worth $2,681,000. Finally, Sivia Capital Partners LLC increased its holdings in SAP by 2.3% in the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after buying an additional 69 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SAP shares. Citigroup cut SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. HSBC raised SAP to a “hold” rating in a report on Tuesday, January 20th. Zacks Research raised shares of SAP from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Piper Sandler assumed coverage on shares of SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating for the company. Finally, Citizens Jmp cut shares of 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $305.75.

SAP Stock Up 1.2%

SAP stock opened at $202.59 on Friday. The company has a market cap of $248.88 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17. The company has a fifty day moving average price of $227.62 and a 200 day moving average price of $250.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 1.10. SAP SE has a 12 month low of $189.22 and a 12 month high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.52%. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business posted $1.40 earnings per share. SAP’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current year.

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.