Cerro Pacific Wealth Advisors LLC Sells 165 Shares of SAP SE $SAP

Cerro Pacific Wealth Advisors LLC lessened its holdings in SAP SE (NYSE:SAP) by 19.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 687 shares of the software maker’s stock after selling 165 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in SAP were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SAP. Bartlett & CO. Wealth Management LLC boosted its stake in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock valued at $26,000 after purchasing an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock valued at $29,000 after purchasing an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of SAP in the 2nd quarter valued at approximately $31,000. Highline Wealth Partners LLC raised its position in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock valued at $37,000 after acquiring an additional 77 shares during the period. Finally, Dagco Inc. acquired a new stake in shares of SAP in the 1st quarter valued at approximately $45,000.

SAP Stock Performance

Shares of SAP stock opened at $265.62 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $326.32 billion, a P/E ratio of 43.98, a price-to-earnings-growth ratio of 3.94 and a beta of 1.28. The company’s 50 day moving average price is $271.63 and its two-hundred day moving average price is $282.49. SAP SE has a 52 week low of $225.67 and a 52 week high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the company earned $1.10 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SAP shares. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Erste Group Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Piper Sandler started coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an “overweight” rating on the stock. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, JMP Securities increased their price target on shares of SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $281.67.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.