Financial Advocates Investment Management Has $577,000 Stake in SAP SE $SAP

Financial Advocates Investment Management lowered its stake in shares of SAP SE (NYSE:SAP) by 62.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,898 shares of the software maker’s stock after selling 3,144 shares during the period. Financial Advocates Investment Management’s holdings in SAP were worth $577,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SAP. Vermillion Wealth Management Inc. bought a new stake in shares of SAP in the 2nd quarter worth approximately $31,000. Motco increased its position in shares of SAP by 400.0% during the second quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Princeton Global Asset Management LLC acquired a new position in shares of SAP in the second quarter valued at $38,000. Solstein Capital LLC bought a new position in SAP in the second quarter worth $40,000. Finally, Dagco Inc. acquired a new stake in SAP during the first quarter worth $45,000.

Analysts Set New Price Targets

SAP has been the subject of a number of recent research reports. JMP Securities restated a “market outperform” rating and issued a $375.00 price objective on shares of SAP in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of SAP in a research report on Friday, October 31st. Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. KeyCorp reiterated an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Finally, Erste Group Bank downgraded SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $284.33.

SAP Trading Up 1.0%

SAP stock opened at $240.19 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. The stock has a market capitalization of $295.08 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 3.83 and a beta of 1.18. The business has a fifty day moving average price of $261.61 and a 200 day moving average price of $279.63. SAP SE has a fifty-two week low of $231.55 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The company had revenue of $10.65 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company posted $1.23 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP 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.