Axxcess Wealth Management LLC Sells 1,673 Shares of SAP SE $SAP

Axxcess Wealth Management LLC lessened its holdings in SAP SE (NYSE:SAP) by 46.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,900 shares of the software maker’s stock after selling 1,673 shares during the period. Axxcess Wealth Management LLC’s holdings in SAP were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Moran Wealth Management LLC lifted its stake in shares of SAP by 0.4% in the 2nd quarter. Moran Wealth Management LLC now owns 18,708 shares of the software maker’s stock worth $5,689,000 after purchasing an additional 81 shares during the period. Endowment Wealth Management Inc. lifted its stake in shares of SAP by 18.8% in the 2nd quarter. Endowment Wealth Management Inc. now owns 927 shares of the software maker’s stock worth $282,000 after purchasing an additional 147 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of SAP by 15.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,876 shares of the software maker’s stock worth $4,220,000 after purchasing an additional 1,835 shares during the period. Vest Financial LLC bought a new position in shares of SAP in the 2nd quarter worth approximately $217,000. Finally, Yousif Capital Management LLC lifted its stake in shares of SAP by 7.3% in the 2nd quarter. Yousif Capital Management LLC now owns 15,453 shares of the software maker’s stock worth $4,699,000 after purchasing an additional 1,054 shares during the period.

SAP Trading Up 1.1%

Shares of SAP opened at $272.84 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28. The company has a 50 day simple moving average of $269.74 and a two-hundred day simple moving average of $282.37. The firm has a market cap of $335.18 billion, a P/E ratio of 45.17, a price-to-earnings-growth ratio of 4.01 and a beta of 1.28.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the firm posted $1.10 EPS. The company’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SAP. Weiss Ratings reiterated a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. JMP Securities increased their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. Barclays restated an “overweight” rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Morgan Stanley restated an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, SAP currently has an average rating of “Buy” and a consensus target price of $281.67.

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.