Marks Group Wealth Management Inc Has $2.29 Million Position in SAP SE (NYSE:SAP)

Marks Group Wealth Management Inc lessened its holdings in shares of SAP SE (NYSE:SAP) by 21.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,980 shares of the software maker’s stock after selling 2,680 shares during the period. Marks Group Wealth Management Inc’s holdings in SAP were worth $2,286,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC increased its position in SAP by 17.3% during the third quarter. Crestwood Advisors Group LLC now owns 1,346 shares of the software maker’s stock worth $308,000 after acquiring an additional 199 shares during the period. PDS Planning Inc grew its position in SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of SAP by 4.5% during the 3rd quarter. QRG Capital Management Inc. now owns 89,751 shares of the software maker’s stock worth $20,562,000 after purchasing an additional 3,892 shares during the period. GFS Advisors LLC acquired a new position in shares of SAP during the third quarter valued at about $224,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of SAP by 0.9% in the third quarter. Janney Montgomery Scott LLC now owns 62,580 shares of the software maker’s stock valued at $14,337,000 after buying an additional 568 shares during the period.

SAP Stock Performance

NYSE SAP opened at $235.90 on Wednesday. The firm has a market cap of $289.80 billion, a price-to-earnings ratio of 94.36, a PEG ratio of 4.46 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 1-year low of $137.77 and a 1-year high of $243.01. The company has a 50 day moving average of $226.20 and a 200-day moving average of $207.86.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 EPS. On average, equities analysts forecast that SAP SE will post 4.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAP has been the subject of several recent research reports. TD Cowen upped their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays lifted their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities raised their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

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.