OneDigital Investment Advisors LLC Sells 137 Shares of SAP SE (NYSE:SAP)

OneDigital Investment Advisors LLC reduced its holdings in shares of SAP SE (NYSE:SAP) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,294 shares of the software maker’s stock after selling 137 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in SAP were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SAP. Avantax Advisory Services Inc. bought a new stake in shares of SAP during the 1st quarter valued at about $270,000. Blair William & Co. IL purchased a new position in shares of SAP during the first quarter valued at about $247,000. TIAA Trust National Association bought a new stake in SAP in the first quarter worth $209,000. Bessemer Group Inc. increased its position in SAP by 32.6% during the first quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after acquiring an additional 62 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in shares of SAP by 24.4% in the 1st quarter. Lake Street Advisors Group LLC now owns 8,537 shares of the software maker’s stock worth $1,665,000 after acquiring an additional 1,673 shares during the last quarter.

Wall Street Analyst Weigh In

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

SAP Price Performance

SAP stock opened at $231.30 on Tuesday. The stock’s 50 day moving average price is $229.32 and its 200 day moving average price is $211.02. The firm has a market cap of $284.15 billion, a P/E ratio of 92.52, a PEG ratio of 4.41 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a 1 year low of $148.38 and a 1 year high of $243.01.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the company posted $1.20 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that SAP SE will post 4.85 earnings per share for the current fiscal 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.