Schrum Private Wealth Management LLC Has $281,000 Holdings in SAP SE $SAP

Schrum Private Wealth Management LLC lifted its holdings in SAP SE (NYSE:SAP) by 9.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 925 shares of the software maker’s stock after acquiring an additional 80 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in SAP were worth $281,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lansing Street Advisors grew its stake in shares of SAP by 47.8% in the second quarter. Lansing Street Advisors now owns 1,943 shares of the software maker’s stock valued at $591,000 after acquiring an additional 628 shares in the last quarter. Abel Hall LLC grew its stake in SAP by 8.2% during the second quarter. Abel Hall LLC now owns 1,963 shares of the software maker’s stock worth $597,000 after buying an additional 148 shares in the last quarter. DMC Group LLC grew its stake in SAP by 1.7% during the second quarter. DMC Group LLC now owns 6,373 shares of the software maker’s stock worth $1,938,000 after buying an additional 106 shares in the last quarter. Tcfg Wealth Management LLC acquired a new stake in SAP during the second quarter worth about $316,000. Finally, Prime Capital Investment Advisors LLC grew its stake in SAP by 119.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 7,549 shares of the software maker’s stock worth $2,296,000 after buying an additional 4,103 shares in the last quarter.

Analyst Ratings Changes

SAP has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. JMP Securities increased their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of SAP in a research note on Wednesday. Finally, Piper Sandler assumed coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $281.67.

SAP Trading Up 1.3%

SAP opened at $277.26 on Thursday. The company’s 50 day moving average is $272.19 and its 200-day moving average is $282.39. SAP SE has a 1-year low of $223.70 and a 1-year high of $313.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market cap of $340.61 billion, a P/E ratio of 45.90, a PEG ratio of 3.94 and a beta of 1.28.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $10.58 billion during 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 firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.10 EPS. Equities research analysts predict that SAP SE will post 6.55 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.