Wealth Enhancement Advisory Services LLC Has $6.18 Million Holdings in SAP SE (NYSE:SAP)

Wealth Enhancement Advisory Services LLC lifted its stake in SAP SE (NYSE:SAP) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,973 shares of the software maker’s stock after buying an additional 454 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SAP were worth $6,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in shares of SAP during the 1st quarter valued at $25,000. Godsey & Gibb Inc. bought a new position in SAP in the 3rd quarter valued at about $25,000. POM Investment Strategies LLC raised its position in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares in the last quarter. Crewe Advisors LLC lifted its holdings in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of SAP by 254.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock worth $33,000 after acquiring an additional 122 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. JMP Securities upped their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen lifted their target price on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Trading Down 2.1 %

Shares of NYSE SAP opened at $237.31 on Thursday. The stock has a market cap of $291.54 billion, a P/E ratio of 94.92, a price-to-earnings-growth ratio of 4.54 and a beta of 1.25. The firm has a 50 day moving average price of $224.90 and a two-hundred day moving average price of $206.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a 52-week low of $133.46 and a 52-week high of $243.01.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. As a group, equities analysts forecast that SAP SE will post 4.9 EPS for the current 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.