Soltis Investment Advisors LLC Acquires New Position in SAP SE $SAP

Soltis Investment Advisors LLC bought a new position in SAP SE (NYSE:SAP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 722 shares of the software maker’s stock, valued at approximately $220,000.

A number of other large investors also recently made changes to their positions in SAP. Contravisory Investment Management Inc. grew its position in shares of SAP by 3.2% in the second quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock valued at $338,000 after purchasing an additional 34 shares during the period. Independent Advisor Alliance boosted its stake in SAP by 0.4% in the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker’s stock worth $2,673,000 after buying an additional 35 shares during the last quarter. Cordatus Wealth Management LLC grew its holdings in SAP by 1.1% in the 1st quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker’s stock valued at $889,000 after buying an additional 37 shares during the period. Sage Rhino Capital LLC increased its stake in shares of SAP by 1.1% during the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock valued at $1,045,000 after acquiring an additional 37 shares during the last quarter. Finally, LCM Capital Management Inc lifted its holdings in shares of SAP by 1.9% during the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker’s stock worth $557,000 after acquiring an additional 39 shares during the period.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research analyst reports. Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. BMO Capital Markets cut their target price on SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. JMP Securities reissued a “market outperform” rating and set a $375.00 price target on shares of SAP in a research report on Thursday, October 23rd. Finally, Argus restated a “buy” rating and issued a $320.00 price objective on shares of SAP in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $284.33.

SAP Stock Down 0.8%

Shares of NYSE SAP opened at $251.93 on Friday. The stock has a fifty day moving average price of $267.14 and a 200 day moving average price of $283.69. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28. The company has a market cap of $309.50 billion, a P/E ratio of 37.71, a P/E/G ratio of 3.83 and a beta of 1.18.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

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.