Atria Investments Inc Has $7.20 Million Position in SAP SE (NYSE:SAP)

Atria Investments Inc cut its stake in shares of SAP SE (NYSE:SAP) by 21.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,407 shares of the software maker’s stock after selling 8,535 shares during the period. Atria Investments Inc’s holdings in SAP were worth $7,195,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SAP. LRI Investments LLC acquired a new stake in shares of SAP during the 1st quarter valued at about $25,000. Godsey & Gibb Inc. acquired a new position in SAP during the third quarter worth $25,000. POM Investment Strategies LLC raised its holdings in SAP by 892.3% during the second 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 position in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares during the last quarter. Finally, Atticus Wealth Management LLC bought a new stake in shares of SAP during the 2nd quarter worth about $40,000.

SAP Stock Performance

NYSE SAP opened at $235.86 on Tuesday. The company’s fifty day moving average is $227.28 and its two-hundred day moving average is $208.95. SAP SE has a 52-week low of $143.71 and a 52-week high of $243.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $289.75 billion, a price-to-earnings ratio of 95.02, a P/E/G ratio of 4.55 and a beta of 1.25.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.20 earnings per share. Equities research analysts forecast that SAP SE will post 4.9 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.