Baron Wealth Management LLC Raises Stock Holdings in SAP SE $SAP

Baron Wealth Management LLC increased its position in SAP SE (NYSE:SAP) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,785 shares of the software maker’s stock after purchasing an additional 90 shares during the period. Baron Wealth Management LLC’s holdings in SAP were worth $543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC grew its stake in SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after purchasing an additional 82 shares during the period. Creative Financial Designs Inc. ADV grew its stake in SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares during the period. Founders Capital Management grew its stake in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker’s stock worth $35,000 after purchasing an additional 75 shares during the period. Highline Wealth Partners LLC grew its stake in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after purchasing an additional 77 shares during the period. Finally, Dagco Inc. purchased a new stake in SAP in the first quarter worth $45,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAP. Wall Street Zen raised SAP from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company began coverage on SAP in a research note on Tuesday, May 20th. They issued an “overweight” rating on the stock. JMP Securities increased their target price on SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. Piper Sandler began coverage on SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating on the stock. Finally, Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $281.67.

SAP Stock Performance

NYSE:SAP opened at $253.85 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 12-month low of $217.51 and a 12-month high of $313.28. The stock has a 50-day moving average price of $281.96 and a 200 day moving average price of $282.76. The stock has a market capitalization of $311.85 billion, a P/E ratio of 42.03, a P/E/G ratio of 3.62 and a beta of 1.29.

SAP (NYSE:SAP) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm had revenue of $10.58 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter last year, the business posted $1.10 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that SAP SE will post 6.55 EPS 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.