AlphaCore Capital LLC Acquires 3,845 Shares of SAP SE $SAP

AlphaCore Capital LLC grew its holdings in shares of SAP SE (NYSE:SAP) by 240.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,447 shares of the software maker’s stock after buying an additional 3,845 shares during the quarter. AlphaCore Capital LLC’s holdings in SAP were worth $1,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First PREMIER Bank bought a new stake in shares of SAP in the 3rd quarter valued at approximately $25,000. Retirement Wealth Solutions LLC increased its position in shares of SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after purchasing an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in SAP during the 3rd quarter valued at $27,000. Copia Wealth Management bought a new stake in SAP in the third quarter worth $28,000. Finally, Guerra Advisors Inc purchased a new position in SAP during the third quarter worth $31,000.

SAP Stock Performance

SAP stock opened at $204.92 on Friday. SAP SE has a one year low of $189.22 and a one year high of $313.28. The firm has a market cap of $251.74 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 2.19 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. The firm has a 50-day simple moving average of $224.08 and a two-hundred day simple moving average of $248.22.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SAP shares. Weiss Ratings downgraded shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 11th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday, October 31st. Barclays set a $283.00 price objective on shares of SAP in a research note on Monday, February 2nd. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Friday, January 30th. Finally, Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $305.75.

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.