OneAscent Financial Services LLC Buys New Position in SAP SE (NYSE:SAP)

OneAscent Financial Services LLC purchased a new position in shares of SAP SE (NYSE:SAP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,509 shares of the software maker’s stock, valued at approximately $346,000.

Several other large investors have also recently made changes to their positions in SAP. Godsey & Gibb Inc. purchased a new position in shares of SAP in the third quarter worth $25,000. LRI Investments LLC bought a new stake in shares of SAP during the 1st quarter valued at $25,000. POM Investment Strategies LLC boosted its stake in SAP by 892.3% in 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 boosted its stake in SAP by 1,270.0% in 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 purchased a new position in SAP in the 2nd quarter worth about $40,000.

SAP Stock Performance

SAP stock opened at $231.30 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $229.32 and its two-hundred day simple moving average is $211.02. SAP SE has a twelve month low of $148.38 and a twelve month high of $243.01. The firm has a market cap of $284.15 billion, a price-to-earnings ratio of 92.52, a PEG ratio of 4.41 and a beta of 1.25.

SAP (NYSE:SAP) last announced 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 firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 EPS. Analysts predict that SAP SE will post 4.85 earnings per share for the current year.

Analyst Ratings Changes

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