Prosperity Consulting Group LLC Sells 731 Shares of SAP SE $SAP

Prosperity Consulting Group LLC lowered its position in shares of SAP SE (NYSE:SAP) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,801 shares of the software maker’s stock after selling 731 shares during the quarter. Prosperity Consulting Group LLC’s holdings in SAP were worth $6,021,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SAP. Brighton Jones LLC grew its stake in SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares during the period. Mutual Advisors LLC bought a new position in shares of SAP during the 1st quarter worth $247,000. D.A. Davidson & CO. raised its holdings in SAP by 4.3% during the 1st quarter. D.A. Davidson & CO. now owns 2,683 shares of the software maker’s stock valued at $720,000 after acquiring an additional 111 shares during the period. World Investment Advisors raised its holdings in SAP by 30.5% during the 1st quarter. World Investment Advisors now owns 2,300 shares of the software maker’s stock valued at $617,000 after acquiring an additional 537 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in SAP by 124.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,241 shares of the software maker’s stock valued at $870,000 after acquiring an additional 1,799 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have commented on SAP. JMP Securities restated a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research note on Thursday, October 23rd. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Argus reiterated a “buy” rating and set a $320.00 price target on shares of SAP in a research report on Friday, October 24th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Friday. Finally, Barclays upped their target price on shares of SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $284.33.

SAP Stock Performance

NYSE:SAP opened at $264.06 on Tuesday. The business has a 50 day moving average of $268.46 and a 200 day moving average of $284.03. The company has a market capitalization of $324.39 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 3.83 and a beta of 1.28. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03.

SAP (NYSE:SAP) last released its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 earnings per share. On average, sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.