NewEdge Wealth LLC Raises Stock Position in SAP SE $SAP

NewEdge Wealth LLC lifted its position in shares of SAP SE (NYSE:SAP) by 22.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,819 shares of the software maker’s stock after buying an additional 3,424 shares during the period. NewEdge Wealth LLC’s holdings in SAP were worth $4,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

SAP Stock Down 2.4%

NYSE SAP opened at $200.29 on Friday. 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 business has a 50 day moving average price of $228.46 and a two-hundred day moving average price of $251.35. The stock has a market cap of $246.06 billion, a PE ratio of 28.41, a P/E/G ratio of 2.28 and a beta of 1.17. SAP SE has a fifty-two week low of $189.22 and a fifty-two week high of $313.28.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Weiss Ratings downgraded shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 11th. Citizens Jmp lowered shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Santander raised SAP to a “neutral” rating in a research report on Tuesday, February 3rd. Finally, TD Cowen reiterated a “buy” rating on shares of SAP in a report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.