Live Oak Private Wealth LLC Takes $1.57 Million Position in SAP SE $SAP

Live Oak Private Wealth LLC purchased a new stake in SAP SE (NYSE:SAP) during the second quarter, Holdings Channel reports. The institutional investor purchased 10,188 shares of the software maker’s stock, valued at approximately $1,570,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SAP. Binnacle Investments Inc grew its holdings in SAP by 14.2% during the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock valued at $90,000 after purchasing an additional 42 shares during the period. Thrivent Financial for Lutherans raised its holdings in SAP by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after purchasing an additional 43 shares during the period. Larson Financial Group LLC boosted its position in shares of SAP by 19.4% during the third quarter. Larson Financial Group LLC now owns 308 shares of the software maker’s stock worth $82,000 after purchasing an additional 50 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of SAP by 4.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 1,332 shares of the software maker’s stock valued at $324,000 after buying an additional 57 shares during the period. Finally, Alaethes Wealth LLC grew its holdings in shares of SAP by 0.5% in the 2nd quarter. Alaethes Wealth LLC now owns 11,256 shares of the software maker’s stock valued at $3,423,000 after buying an additional 57 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on SAP shares. Weiss Ratings raised SAP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Wells Fargo & Company reissued an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th. BMO Capital Markets increased their price target on SAP from $175.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Jefferies Financial Group lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, UBS Group cut SAP from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $264.83.

SAP Trading Down 3.9%

NYSE SAP opened at $212.22 on Wednesday. SAP SE has a 52 week low of $144.97 and a 52 week high of $281.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s 50 day moving average price is $182.59 and its two-hundred day moving average price is $180.26. The stock has a market capitalization of $260.71 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.59 and a beta of 1.14.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.30 billion. SAP had a net margin of 20.88% and a return on equity of 17.07%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.50 earnings per share. As a group, analysts anticipate that SAP SE will post 8.18 earnings per share for the current fiscal year.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on?premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in?memory database and platform.