Concurrent Investment Advisors LLC Purchases 604 Shares of SAP SE $SAP

Concurrent Investment Advisors LLC grew its position in SAP SE (NYSE:SAP) by 18.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,845 shares of the software maker’s stock after purchasing an additional 604 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in SAP were worth $1,169,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Apollon Wealth Management LLC raised its position in shares of SAP by 10.7% in the second quarter. Apollon Wealth Management LLC now owns 4,906 shares of the software maker’s stock valued at $1,492,000 after purchasing an additional 475 shares during the period. Fifth Third Wealth Advisors LLC increased its position in SAP by 20.0% during the second quarter. Fifth Third Wealth Advisors LLC now owns 2,003 shares of the software maker’s stock worth $609,000 after acquiring an additional 334 shares during the period. PDS Planning Inc increased its position in SAP by 6.8% during the second quarter. PDS Planning Inc now owns 4,840 shares of the software maker’s stock worth $1,472,000 after acquiring an additional 309 shares during the period. Cyndeo Wealth Partners LLC bought a new position in SAP during the second quarter worth $203,000. Finally, Wealthstar Advisors LLC bought a new position in SAP during the second quarter worth $1,388,000.

SAP Trading Up 0.3%

Shares of SAP stock opened at $271.42 on Thursday. The firm has a market capitalization of $333.44 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 4.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $270.64 and its two-hundred day moving average price is $282.35. SAP SE has a 52-week low of $227.52 and a 52-week high of $313.28.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SAP in a research report on Wednesday, October 8th. Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Barclays reaffirmed 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, Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently 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.