Lenox Wealth Management Inc. increased its position in shares of SAP SE (NYSE:SAP) by 41.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,809 shares of the software maker’s stock after acquiring an additional 11,448 shares during the period. SAP comprises approximately 1.5% of Lenox Wealth Management Inc.’s portfolio, making the stock its 9th biggest holding. Lenox Wealth Management Inc.’s holdings in SAP were worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Strategic Global Advisors LLC raised its holdings in shares of SAP by 0.3% during the second quarter. Strategic Global Advisors LLC now owns 3,468 shares of the software maker’s stock worth $363,000 after acquiring an additional 12 shares in the last quarter. Eaton Vance Management increased its position in SAP by 1.1% during the second quarter. Eaton Vance Management now owns 2,176 shares of the software maker’s stock worth $228,000 after buying an additional 23 shares during the last quarter. Sawtooth Solutions LLC increased its position in SAP by 1.4% during the second quarter. Sawtooth Solutions LLC now owns 3,855 shares of the software maker’s stock worth $404,000 after buying an additional 52 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in SAP by 2.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,604 shares of the software maker’s stock worth $372,000 after buying an additional 79 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in SAP by 2.7% during the second quarter. Bessemer Group Inc. now owns 3,350 shares of the software maker’s stock worth $351,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 3.68% of the company’s stock.
SAP has been the topic of several analyst reports. Berenberg Bank initiated coverage on shares of SAP in a research report on Wednesday, August 23rd. They set a “buy” rating on the stock. Royal Bank Of Canada reissued a “hold” rating on shares of SAP in a research report on Monday, September 18th. Zacks Investment Research raised shares of SAP from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Stifel Nicolaus reissued a “sell” rating and set a $75.00 target price on shares of SAP in a research report on Thursday, October 12th. Finally, BMO Capital Markets reissued a “hold” rating and set a $110.00 target price on shares of SAP in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $106.91.
Shares of SAP SE (SAP) traded up $0.90 during trading hours on Thursday, hitting $112.20. The stock had a trading volume of 482,000 shares, compared to its average volume of 704,623. The firm has a market capitalization of $136,787.70, a P/E ratio of 31.00, a P/E/G ratio of 3.21 and a beta of 1.13. SAP SE has a 12 month low of $83.45 and a 12 month high of $116.90. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.
SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.12. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.68 billion. SAP had a return on equity of 15.43% and a net margin of 15.80%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. research analysts predict that SAP SE will post 4.13 EPS for the current fiscal year.
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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