Cyndeo Wealth Partners LLC Makes New Investment in SAP SE $SAP

Cyndeo Wealth Partners LLC purchased a new stake in shares of SAP SE (NYSE:SAP) in the second quarter, HoldingsChannel reports. The institutional investor purchased 668 shares of the software maker’s stock, valued at approximately $203,000.

Several other institutional investors have also recently made changes to their positions in SAP. Wealthstar Advisors LLC purchased a new position in shares of SAP in the second quarter worth approximately $1,388,000. IFP Advisors Inc raised its position in SAP by 52.0% in the second quarter. IFP Advisors Inc now owns 2,312 shares of the software maker’s stock worth $703,000 after acquiring an additional 791 shares during the period. Baldwin Wealth Partners LLC MA purchased a new position in shares of SAP during the 2nd quarter worth $372,000. Callan Family Office LLC grew its position in shares of SAP by 235.5% during the 2nd quarter. Callan Family Office LLC now owns 23,103 shares of the software maker’s stock valued at $7,026,000 after acquiring an additional 16,216 shares during the period. Finally, MFA Wealth Services bought a new position in SAP in the 2nd quarter worth $236,000.

SAP Price Performance

NYSE:SAP opened at $265.62 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $271.63 and its two-hundred day simple moving average is $282.39. The stock has a market cap of $326.32 billion, a PE ratio of 43.98, a P/E/G ratio of 3.94 and a beta of 1.28. SAP SE has a 52 week low of $225.67 and a 52 week high of $313.28.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SAP shares. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Piper Sandler started coverage on SAP in a report on Tuesday, June 17th. They issued an “overweight” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Barclays reaffirmed an “overweight” rating and issued a $322.00 target price (up from $308.00) on shares of SAP in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $281.67.

SAP Company 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.