SAP SE (NYSE:SAP) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lowered its stake in shares of SAP SE (NYSE:SAP) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,074 shares of the software maker’s stock after selling 125 shares during the quarter. Icon Wealth Advisors LLC’s holdings in SAP were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Godsey & Gibb Inc. acquired a new stake in SAP during the 3rd quarter worth $25,000. LRI Investments LLC acquired a new stake in shares of SAP during the first quarter worth about $25,000. POM Investment Strategies LLC lifted its holdings in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 127 shares during the period. Finally, Brooklyn Investment Group purchased a new position in SAP during the 3rd quarter worth approximately $42,000.

Analysts Set New Price Targets

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

SAP Stock Up 2.4 %

SAP stock opened at $237.55 on Friday. The stock has a market capitalization of $291.83 billion, a PE ratio of 95.02, a price-to-earnings-growth ratio of 4.45 and a beta of 1.25. The company has a fifty day moving average of $231.55 and a 200-day moving average of $213.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a one year low of $148.38 and a one year high of $243.01.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS 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 during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the business earned $1.20 EPS. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts expect that SAP SE will post 4.89 EPS 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.