PUREfi Wealth LLC Increases Stake in SAP SE $SAP

PUREfi Wealth LLC grew its stake in SAP SE (NYSE:SAP) by 16.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,447 shares of the software maker’s stock after buying an additional 207 shares during the quarter. PUREfi Wealth LLC’s holdings in SAP were worth $440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Valeo Financial Advisors LLC boosted its stake in shares of SAP by 6.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,383 shares of the software maker’s stock valued at $1,029,000 after buying an additional 213 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of SAP by 3.4% in the 2nd quarter. DAVENPORT & Co LLC now owns 12,278 shares of the software maker’s stock valued at $3,734,000 after buying an additional 404 shares during the period. Marks Group Wealth Management Inc boosted its stake in shares of SAP by 3.1% in the 2nd quarter. Marks Group Wealth Management Inc now owns 8,096 shares of the software maker’s stock valued at $2,462,000 after buying an additional 242 shares during the period. Clarius Group LLC boosted its stake in shares of SAP by 2.0% in the 2nd quarter. Clarius Group LLC now owns 4,120 shares of the software maker’s stock valued at $1,253,000 after buying an additional 79 shares during the period. Finally, Checchi Capital Advisers LLC boosted its stake in shares of SAP by 0.9% in the 2nd quarter. Checchi Capital Advisers LLC now owns 6,353 shares of the software maker’s stock valued at $1,932,000 after buying an additional 57 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SAP shares. JMP Securities raised their target price on SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 23rd. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Barclays reissued an “overweight” rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. Finally, Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One research 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 company. According to MarketBeat.com, SAP currently has an average rating of “Buy” and an average price target of $281.67.

SAP Price Performance

SAP stock opened at $270.48 on Monday. The company has a market capitalization of $332.29 billion, a P/E ratio of 44.78, a PEG ratio of 3.89 and a beta of 1.28. SAP SE has a twelve month low of $217.51 and a twelve month high of $313.28. The business has a 50 day simple moving average of $272.89 and a 200-day simple moving average of $282.48. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating 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 revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.