Beverly Hills Private Wealth LLC Reduces Position in SAP SE $SAP

Beverly Hills Private Wealth LLC cut its position in shares of SAP SE (NYSE:SAP) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,061 shares of the software maker’s stock after selling 37 shares during the period. Beverly Hills Private Wealth LLC’s holdings in SAP were worth $323,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. West Tower Group LLC purchased a new position in shares of SAP during the 2nd quarter worth about $304,000. Calamos Wealth Management LLC boosted its stake in shares of SAP by 4.9% during the 2nd quarter. Calamos Wealth Management LLC now owns 17,878 shares of the software maker’s stock worth $5,437,000 after purchasing an additional 833 shares during the period. Cidel Asset Management Inc. boosted its stake in shares of SAP by 20.2% during the 2nd quarter. Cidel Asset Management Inc. now owns 127,005 shares of the software maker’s stock worth $38,622,000 after purchasing an additional 21,372 shares during the period. Wealthstream Advisors Inc. boosted its stake in shares of SAP by 40.5% during the 2nd quarter. Wealthstream Advisors Inc. now owns 1,158 shares of the software maker’s stock worth $352,000 after purchasing an additional 334 shares during the period. Finally, TrueMark Investments LLC boosted its stake in shares of SAP by 18.0% during the 2nd quarter. TrueMark Investments LLC now owns 1,510 shares of the software maker’s stock worth $459,000 after purchasing an additional 230 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Tuesday, September 16th. Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Barclays reissued an “overweight” rating and issued a $322.00 price objective (up from $308.00) on shares of SAP in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $281.67.

SAP Price Performance

Shares of SAP opened at $277.96 on Tuesday. The company has a 50 day moving average price of $269.56 and a 200-day moving average price of $282.77. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28. The stock has a market capitalization of $341.48 billion, a PE ratio of 46.02, a PEG ratio of 4.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm had revenue of $10.58 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Equities analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP 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.