Diversify Wealth Management LLC Buys 1,209 Shares of SAP SE (NYSE:SAP)

Diversify Wealth Management LLC raised its position in SAP SE (NYSE:SAP) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,304 shares of the software maker’s stock after buying an additional 1,209 shares during the period. Diversify Wealth Management LLC’s holdings in SAP were worth $3,095,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SAP. Dimensional Fund Advisors LP lifted its position in SAP by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock worth $9,232,000 after buying an additional 1,158 shares in the last quarter. Blair William & Co. IL lifted its position in shares of SAP by 144.0% during the second quarter. Blair William & Co. IL now owns 3,084 shares of the software maker’s stock worth $622,000 after purchasing an additional 1,820 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of SAP by 57.0% during the second quarter. Hsbc Holdings PLC now owns 5,643 shares of the software maker’s stock valued at $1,139,000 after purchasing an additional 2,048 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of SAP in the second quarter valued at approximately $779,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in SAP by 4.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,052 shares of the software maker’s stock worth $1,423,000 after purchasing an additional 325 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a research report on Friday. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JMP Securities boosted their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $263.17.

SAP Stock Up 0.4 %

SAP stock opened at $262.74 on Monday. SAP SE has a fifty-two week low of $158.94 and a fifty-two week high of $264.71. 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 $322.77 billion, a price-to-earnings ratio of 105.09, a PEG ratio of 3.56 and a beta of 1.22. The company’s 50 day simple moving average is $245.68 and its 200 day simple moving average is $228.12.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.20 EPS. As a group, sell-side analysts anticipate that SAP SE will post 4.66 EPS for the current 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.