Sequoia Financial Advisors LLC Acquires 6,763 Shares of SAP SE $SAP

Sequoia Financial Advisors LLC boosted its holdings in SAP SE (NYSE:SAP) by 59.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 18,091 shares of the software maker’s stock after purchasing an additional 6,763 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SAP were worth $3,097,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC boosted its position in shares of SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 58 shares during the last quarter. Bayban bought a new position in SAP during the 4th quarter valued at $28,000. Community Bank N.A. bought a new position in SAP during the 3rd quarter valued at $32,000. GoalVest Advisory LLC purchased a new stake in shares of SAP in the fourth quarter valued at about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of SAP by 758.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after purchasing an additional 129 shares in the last quarter.

SAP Price Performance

Shares of NYSE SAP opened at $160.08 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $168.10 and a two-hundred day simple moving average of $189.61. SAP SE has a 1-year low of $148.06 and a 1-year high of $309.73. The firm has a market cap of $196.66 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.14.

SAP (NYSE:SAP) last issued its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The firm had revenue of $11.06 billion for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. Analysts anticipate that SAP SE will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. HSBC raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded SAP from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and an average target price of $283.40.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.