PDS Planning Inc Increases Stock Position in SAP SE $SAP

PDS Planning Inc boosted its stake in shares of SAP SE (NYSE:SAP) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,840 shares of the software maker’s stock after buying an additional 309 shares during the quarter. PDS Planning Inc’s holdings in SAP were worth $1,472,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in SAP in the second quarter valued at approximately $920,000. Modern Wealth Management LLC grew its stake in shares of SAP by 292.2% in the first quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker’s stock valued at $1,252,000 after buying an additional 3,474 shares in the last quarter. Ascent Group LLC boosted its holdings in SAP by 196.3% during the 1st quarter. Ascent Group LLC now owns 4,175 shares of the software maker’s stock valued at $1,121,000 after acquiring an additional 2,766 shares during the period. Goldman Sachs Group Inc. boosted its holdings in SAP by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after acquiring an additional 80,164 shares during the period. Finally, Bain Capital Public Equity Management II LLC purchased a new position in SAP during the 1st quarter valued at about $13,869,000.

SAP Trading Down 3.7%

SAP opened at $265.62 on Friday. SAP SE has a one year low of $225.67 and a one year high of $313.28. The company has a market cap of $326.32 billion, a P/E ratio of 43.98, a PEG ratio of 4.09 and a beta of 1.28. 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 business’s 50-day simple moving average is $271.63 and its 200-day simple moving average is $282.29.

SAP (NYSE:SAP) last announced its quarterly earnings results 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 return on equity of 14.84% and a net margin of 18.26%.The firm had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the company posted $1.10 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SAP in a research note on Wednesday. Barclays restated an “overweight” rating and issued a $322.00 price target (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Piper Sandler started coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating for the company. Finally, Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $281.67.

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.