Gibbs Wealth Management Trims Position in SAP SE $SAP

Gibbs Wealth Management lowered its position in SAP SE (NYSE:SAP) by 20.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,716 shares of the software maker’s stock after selling 2,297 shares during the period. Gibbs Wealth Management’s holdings in SAP were worth $2,329,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SAP. Brighton Jones LLC raised its position in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after buying an additional 1,255 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in SAP in the 1st quarter worth $242,000. AQR Capital Management LLC boosted its holdings in shares of SAP by 49.0% during the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after purchasing an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of SAP in the first quarter worth about $2,681,000. Finally, Sivia Capital Partners LLC grew its holdings in SAP by 2.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after buying an additional 69 shares in the last quarter.

SAP Trading Up 2.0%

Shares of NYSE:SAP opened at $230.92 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. SAP SE has a 52-week low of $220.89 and a 52-week high of $313.28. The stock has a market cap of $278.07 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.75 and a beta of 1.18. The business has a 50-day moving average price of $240.90 and a 200-day moving average price of $263.14.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on SAP. Barclays increased their price objective on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Monday, October 27th. Argus reissued a “buy” rating and issued a $320.00 price objective on shares of SAP in a research report on Friday, October 24th. Hsbc Global Res raised SAP to a “hold” rating in a research report on Tuesday. Finally, Arete Research raised shares of SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $280.20.

SAP Company 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.