SAP SE (NYSE:SAP) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its holdings in SAP SE (NYSE:SAP) by 6.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,778 shares of the software maker’s stock after selling 177 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in SAP were worth $626,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. DGS Capital Management LLC purchased a new position in shares of SAP during the 3rd quarter worth about $246,000. Decatur Capital Management Inc. acquired a new position in SAP during the third quarter worth approximately $220,000. Tidal Investments LLC raised its stake in SAP by 15.8% during the third quarter. Tidal Investments LLC now owns 10,944 shares of the software maker’s stock worth $2,507,000 after purchasing an additional 1,496 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of SAP in the 3rd quarter valued at $494,000. Finally, World Investment Advisors LLC purchased a new stake in shares of SAP during the 3rd quarter valued at $227,000.

SAP Stock Down 2.6 %

Shares of NYSE:SAP opened at $244.45 on Thursday. The company has a market capitalization of $300.31 billion, a price-to-earnings ratio of 97.78, a price-to-earnings-growth ratio of 4.94 and a beta of 1.23. The company has a 50 day moving average of $238.00 and a two-hundred day moving average of $219.12. SAP SE has a 52-week low of $148.38 and a 52-week high of $256.13. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $1.20 earnings per share. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts forecast that SAP SE will post 4.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAP has been the topic of several research reports. Barclays increased their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities boosted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Finally, TD Cowen raised their price target on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Company 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.