Diversify Wealth Management LLC Raises Stock Holdings in SAP SE (NYSE:SAP)

Diversify Wealth Management LLC raised its stake in shares of SAP SE (NYSE:SAP) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,095 shares of the software maker’s stock after acquiring an additional 127 shares during the period. Diversify Wealth Management LLC’s holdings in SAP were worth $2,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. First Trust Direct Indexing L.P. increased its stake in SAP by 3.3% during the third quarter. First Trust Direct Indexing L.P. now owns 22,112 shares of the software maker’s stock worth $5,066,000 after purchasing an additional 701 shares during the period. Nicholas Hoffman & Company LLC. boosted its stake in shares of SAP by 7.1% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 1,270 shares of the software maker’s stock valued at $291,000 after buying an additional 84 shares during the period. Fortitude Family Office LLC grew its holdings in SAP by 982.4% during the 3rd quarter. Fortitude Family Office LLC now owns 552 shares of the software maker’s stock worth $126,000 after acquiring an additional 501 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of SAP in the 3rd quarter valued at approximately $3,780,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of SAP by 20.9% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,349 shares of the software maker’s stock valued at $309,000 after purchasing an additional 233 shares in the last quarter.

SAP Stock Performance

Shares of NYSE SAP traded down $2.99 during midday trading on Wednesday, reaching $239.32. 309,777 shares of the company were exchanged, compared to its average volume of 794,574. The stock has a fifty day simple moving average of $224.53 and a 200 day simple moving average of $205.91. 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 stock has a market cap of $294.01 billion, a P/E ratio of 96.88, a PEG ratio of 4.54 and a beta of 1.25. SAP SE has a 1 year low of $133.46 and a 1 year high of $243.01.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. On average, research analysts forecast that SAP SE will post 4.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.