Stratos Wealth Partners LTD. Reduces Position in SAP SE $SAP

Stratos Wealth Partners LTD. lessened its stake in shares of SAP SE (NYSE:SAP) by 4.6% in the second quarter, HoldingsChannel.com reports. The firm owned 2,718 shares of the software maker’s stock after selling 130 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in SAP were worth $827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Twin Tree Management LP increased its holdings in SAP by 122.5% in the 1st quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock worth $13,860,000 after buying an additional 280,896 shares in the last quarter. Main Street Research LLC purchased a new stake in shares of SAP during the 1st quarter worth approximately $32,151,000. Deutsche Bank AG raised its holdings in shares of SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock worth $28,256,000 after acquiring an additional 100,487 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of SAP by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after acquiring an additional 80,164 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of SAP by 108.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 128,100 shares of the software maker’s stock worth $38,517,000 after acquiring an additional 66,551 shares in the last quarter.

SAP Price Performance

Shares of NYSE SAP opened at $276.64 on Thursday. 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 cap of $339.85 billion, a PE ratio of 45.80, a P/E/G ratio of 4.16 and a beta of 1.28. The business has a 50-day simple moving average of $269.60 and a two-hundred day simple moving average of $282.71. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. As a group, equities analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Barclays reaffirmed an “overweight” rating and set a $322.00 price objective (up from $308.00) on shares of SAP in a report on Friday, July 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a research report on Wednesday, October 8th. Finally, JMP Securities boosted their target price on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, SAP currently has an average rating of “Buy” and an average price target of $281.67.

About SAP

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.