Marcum Wealth LLC Acquires 162 Shares of SAP SE (NYSE:SAP)

Marcum Wealth LLC lifted its stake in SAP SE (NYSE:SAP) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,355 shares of the software maker’s stock after purchasing an additional 162 shares during the period. Marcum Wealth LLC’s holdings in SAP were worth $475,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors lifted its holdings in shares of SAP by 8.1% in the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after buying an additional 746,386 shares during the period. Envestnet Asset Management Inc. grew its position in shares of SAP by 2.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after buying an additional 26,031 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after acquiring an additional 108,729 shares in the last quarter. Natixis Advisors L.P. lifted its position in SAP by 8.3% during the fourth quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock valued at $62,566,000 after acquiring an additional 31,135 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in SAP in the first quarter valued at approximately $58,936,000.

SAP Stock Performance

Shares of NYSE SAP traded down $5.72 during trading hours on Monday, reaching $199.00. The stock had a trading volume of 1,473,897 shares, compared to its average volume of 788,578. The firm has a market cap of $234.74 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 4.06 and a beta of 1.25. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $214.94. The firm has a 50-day moving average of $197.84 and a 200-day moving average of $189.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. SAP’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts predict that SAP SE will post 4.75 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on SAP shares. Sanford C. Bernstein initiated coverage on SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective for the company. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen raised their target price on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Barclays dropped their price objective on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus price target of $225.17.

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.