Creative Planning Raises Stock Holdings in SAP SE (NYSE:SAP)

Creative Planning boosted its stake in SAP SE (NYSE:SAP) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,434 shares of the software maker’s stock after buying an additional 14,546 shares during the period. Creative Planning’s holdings in SAP were worth $21,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new position in SAP in the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new position in SAP in the 1st quarter valued at about $25,000. POM Investment Strategies LLC grew its position in 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 acquiring an additional 116 shares in the last quarter. Crewe Advisors LLC grew its position in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in SAP in the 1st quarter valued at about $29,000.

SAP Stock Performance

Shares of SAP opened at $230.44 on Monday. The stock has a 50 day moving average price of $221.38 and a 200 day moving average price of $203.50. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $283.10 billion, a price-to-earnings ratio of 49.99, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25. SAP SE has a 52-week low of $130.08 and a 52-week high of $232.23.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. Research analysts predict that SAP SE will post 4.78 EPS for the current fiscal year.

Analyst Ratings Changes

SAP has been the subject of several research reports. Barclays lifted their target price on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. TD Cowen boosted their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets downgraded SAP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, JMP Securities boosted their price objective on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $232.17.

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.