Wealth Alliance LLC Has $1.20 Million Stock Holdings in SAP SE $SAP

Wealth Alliance LLC decreased its position in shares of SAP SE (NYSE:SAP) by 12.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,938 shares of the software maker’s stock after selling 561 shares during the period. Wealth Alliance LLC’s holdings in SAP were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SAP. Vermillion Wealth Management Inc. acquired a new stake in SAP in the second quarter worth $31,000. Princeton Global Asset Management LLC purchased a new stake in shares of SAP in the 2nd quarter valued at about $38,000. Motco increased its holdings in shares of SAP by 400.0% in the 2nd quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Solstein Capital LLC bought a new stake in SAP during the second quarter worth about $40,000. Finally, Dagco Inc. bought a new position in shares of SAP during the 1st quarter valued at about $45,000.

SAP Price Performance

NYSE SAP traded up $0.95 during trading hours on Thursday, reaching $254.29. The company’s stock had a trading volume of 86,471 shares, compared to its average volume of 1,424,594. The company has a market capitalization of $312.39 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 3.83 and a beta of 1.18. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28. The firm’s 50-day moving average price is $266.15 and its 200-day moving average price is $283.46. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last issued its quarterly earnings data 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. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SAP. JMP Securities reaffirmed a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research report on Thursday, October 23rd. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. BMO Capital Markets reduced their price objective on SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Cowen restated a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $284.33.

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.