TrueMark Investments LLC Has $459,000 Stock Holdings in SAP SE $SAP

TrueMark Investments LLC lifted its stake in shares of SAP SE (NYSE:SAP) by 18.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,510 shares of the software maker’s stock after purchasing an additional 230 shares during the period. TrueMark Investments LLC’s holdings in SAP were worth $459,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SAP. Bartlett & CO. Wealth Management LLC raised its position in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock valued at $26,000 after buying an additional 82 shares during the period. Creative Financial Designs Inc. ADV raised its position in SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock valued at $29,000 after buying an additional 66 shares during the period. Vermillion Wealth Management Inc. acquired a new position in SAP during the second quarter valued at $31,000. Dagco Inc. acquired a new position in SAP during the first quarter valued at $45,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in SAP during the first quarter valued at $53,000.

Wall Street Analyst Weigh In

SAP has been the topic of several recent analyst reports. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research report on Tuesday, September 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. Finally, Barclays reaffirmed an “overweight” rating and issued a $322.00 target price (up from $308.00) on shares of SAP in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $281.67.

SAP Stock Performance

Shares of SAP stock opened at $272.84 on Monday. The firm has a market cap of $335.18 billion, a P/E ratio of 45.17, a PEG ratio of 4.06 and a beta of 1.28. The stock’s 50-day moving average is $269.74 and its two-hundred day moving average is $282.57. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. 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.