Earned Wealth Advisors LLC Boosts Holdings in SAP SE $SAP

Earned Wealth Advisors LLC raised its holdings in SAP SE (NYSE:SAP) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 860 shares of the software maker’s stock after buying an additional 74 shares during the quarter. Earned Wealth Advisors LLC’s holdings in SAP were worth $262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Simon Quick Advisors LLC lifted its stake in shares of SAP by 31.8% in the 2nd quarter. Simon Quick Advisors LLC now owns 3,788 shares of the software maker’s stock valued at $1,152,000 after purchasing an additional 914 shares in the last quarter. AdvisorShares Investments LLC lifted its stake in shares of SAP by 20.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 5,161 shares of the software maker’s stock valued at $1,569,000 after purchasing an additional 875 shares in the last quarter. Keybank National Association OH lifted its stake in shares of SAP by 1.8% in the 2nd quarter. Keybank National Association OH now owns 14,076 shares of the software maker’s stock valued at $4,281,000 after purchasing an additional 246 shares in the last quarter. Spire Wealth Management lifted its stake in shares of SAP by 116.9% in the 2nd quarter. Spire Wealth Management now owns 3,449 shares of the software maker’s stock valued at $1,049,000 after purchasing an additional 1,859 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of SAP by 3.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 38,614 shares of the software maker’s stock valued at $11,743,000 after purchasing an additional 1,395 shares in the last quarter.

SAP Stock Performance

SAP stock opened at $260.14 on Friday. The stock has a market cap of $319.59 billion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 3.83 and a beta of 1.28. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $268.59 and a 200-day moving average of $283.67. SAP SE has a 52 week low of $227.52 and a 52 week high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. On average, analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SAP shares. Barclays lifted their price objective on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. KeyCorp reaffirmed an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Cowen restated a “buy” rating on shares of SAP in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, SAP presently has an average rating of “Buy” and an average price target of $284.33.

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.