Jackson Thornton Wealth Management LLC Acquires Shares of 877 SAP SE $SAP

Jackson Thornton Wealth Management LLC acquired a new stake in shares of SAP SE (NYSE:SAP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 877 shares of the software maker’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC raised its stake in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock valued at $26,000 after acquiring an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock valued at $29,000 after acquiring an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in SAP during the 2nd quarter valued at approximately $31,000. Princeton Global Asset Management LLC purchased a new stake in SAP during the 2nd quarter valued at approximately $38,000. Finally, Dagco Inc. purchased a new stake in SAP during the 1st quarter valued at approximately $45,000.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAP. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. Finally, Barclays reissued an “overweight” rating and set a $322.00 target price (up from $308.00) on shares of SAP in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $281.67.

SAP Stock Performance

SAP opened at $277.96 on Tuesday. The stock has a market cap of $341.48 billion, a P/E ratio of 46.02, a P/E/G ratio of 4.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $269.56 and its 200 day simple moving average is $282.77. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company 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.