SAP SE (NYSE:SAP) Position Trimmed by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC trimmed its holdings in shares of SAP SE (NYSE:SAP) by 46.9% during the third quarter, Holdings Channel reports. The firm owned 1,167 shares of the software maker’s stock after selling 1,032 shares during the quarter. Icon Wealth Advisors LLC’s holdings in SAP were worth $267,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SAP. Modera Wealth Management LLC lifted its holdings in SAP by 1.4% in the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of SAP by 3.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after purchasing an additional 51 shares during the last quarter. PDS Planning Inc boosted its position in SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after purchasing an additional 51 shares during the period. RFP Financial Group LLC grew its stake in SAP by 17.5% during the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after buying an additional 52 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after buying an additional 52 shares during the period.

SAP Price Performance

NYSE SAP opened at $236.25 on Friday. SAP SE has a 12 month low of $148.38 and a 12 month high of $243.01. The firm has a market capitalization of $290.23 billion, a PE ratio of 94.50, a P/E/G ratio of 4.53 and a beta of 1.25. The company’s 50 day simple moving average is $230.65 and its 200 day simple moving average is $212.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its quarterly earnings results 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). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter last year, the business posted $1.20 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that SAP SE will post 4.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAP. Barclays boosted their price target on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. TD Cowen boosted their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities raised their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.