2,778 Shares in SAP SE $SAP Bought by Beirne Wealth Consulting Services LLC

Beirne Wealth Consulting Services LLC acquired a new position in shares of SAP SE (NYSE:SAP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,778 shares of the software maker’s stock, valued at approximately $742,000.

Several other institutional investors have also modified their holdings of SAP. CX Institutional lifted its stake in SAP by 2.0% in the 3rd quarter. CX Institutional now owns 1,961 shares of the software maker’s stock valued at $524,000 after buying an additional 38 shares in the last quarter. Kathmere Capital Management LLC lifted its position in shares of SAP by 1.0% in the third quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker’s stock valued at $1,074,000 after acquiring an additional 40 shares in the last quarter. Certuity LLC boosted its stake in shares of SAP by 2.4% in the second quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock worth $568,000 after acquiring an additional 43 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of SAP by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after purchasing an additional 43 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in SAP by 22.0% in the 3rd quarter. Harbor Investment Advisory LLC now owns 244 shares of the software maker’s stock valued at $65,000 after purchasing an additional 44 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on SAP. Barclays set a $283.00 target price on shares of SAP in a research note on Monday, February 2nd. Weiss Ratings lowered shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. Arete Research upgraded shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. HSBC upgraded SAP to a “hold” rating in a report on Tuesday, January 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $375.00 price target on shares of SAP in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Price Performance

SAP stock opened at $204.65 on Tuesday. SAP SE has a 52-week low of $189.22 and a 52-week high of $313.28. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The stock has a market cap of $251.41 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. The business has a fifty day moving average of $231.07 and a two-hundred day moving average of $252.60.

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

SAP 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.