Marcum Wealth LLC Has $475,000 Stake in SAP SE (NYSE:SAP)

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

Several other large investors also recently modified their holdings of SAP. Capital International Investors grew its holdings in SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after acquiring an additional 746,386 shares during the period. Westfield Capital Management Co. LP acquired a new stake in SAP during the first quarter worth approximately $58,936,000. Verity & Verity LLC bought a new stake in SAP in the first quarter worth approximately $35,000. International Assets Investment Management LLC acquired a new position in SAP in the fourth quarter valued at approximately $17,255,000. Finally, Principal Financial Group Inc. boosted its holdings 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 buying an additional 108,729 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research reports. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen increased their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets upped their price target on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Sanford C. Bernstein initiated coverage on SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price objective for the company. Finally, JMP Securities boosted their price objective on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $225.17.

SAP Stock Down 2.8 %

SAP stock traded down $5.72 during trading on Monday, hitting $199.00. 1,473,897 shares of the company were exchanged, compared to its average volume of 788,578. The company has a market capitalization of $234.74 billion, a P/E ratio of 42.84, a PEG ratio of 4.06 and a beta of 1.25. The business’s 50 day moving average is $197.84 and its 200 day moving average is $189.51. SAP SE has a 52 week low of $126.75 and a 52 week high of $214.94. 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 posted its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. Analysts predict that SAP SE will post 4.75 earnings per share for the current year.

About SAP

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.