Holistic Financial Partners Acquires Shares of 887 SAP SE (NYSE:SAP)

Holistic Financial Partners bought a new position in shares of SAP SE (NYSE:SAP) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 887 shares of the software maker’s stock, valued at approximately $203,000.

A number of other large investors have also recently modified their holdings of SAP. LRI Investments LLC acquired a new stake in SAP in the first quarter valued at about $25,000. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the 3rd quarter valued at approximately $25,000. POM Investment Strategies LLC increased its position in SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares in the last quarter. Crewe Advisors LLC increased its position in SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new position in SAP in the 2nd quarter valued at approximately $40,000.

SAP Stock Down 1.3 %

SAP opened at $228.31 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market cap of $280.48 billion, a PE ratio of 91.32, a price-to-earnings-growth ratio of 4.41 and a beta of 1.25. SAP SE has a 12 month low of $148.10 and a 12 month high of $243.01. The company has a 50 day moving average of $228.97 and a 200 day moving average of $210.67.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the company posted $1.20 earnings per share. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that SAP SE will post 4.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, SAP has an average rating of “Moderate Buy” and an average price target of $252.33.

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.