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

B. Riley Wealth Advisors Inc. lowered its stake in shares of SAP SE (NYSE:SAP) by 33.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,955 shares of the software maker’s stock after selling 1,478 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in SAP were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAP. Wallace Advisory Group LLC grew its position in SAP by 7.6% in the 2nd quarter. Wallace Advisory Group LLC now owns 1,794 shares of the software maker’s stock valued at $362,000 after buying an additional 127 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of SAP by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,869 shares of the software maker’s stock worth $2,192,000 after purchasing an additional 287 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after purchasing an additional 15,604 shares in the last quarter. Ascent Group LLC boosted its position in shares of SAP by 9.1% during the 2nd quarter. Ascent Group LLC now owns 1,284 shares of the software maker’s stock worth $259,000 after purchasing an additional 107 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in shares of SAP by 9.4% during the 2nd quarter. Daymark Wealth Partners LLC now owns 1,370 shares of the software maker’s stock worth $276,000 after purchasing an additional 118 shares in the last quarter.

SAP Trading Up 0.2 %

NYSE SAP opened at $220.88 on Friday. SAP SE has a 12 month low of $127.30 and a 12 month high of $231.13. The company has a 50-day moving average of $216.95 and a 200-day moving average of $201.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $271.35 billion, a P/E ratio of 47.91, a P/E/G ratio of 4.32 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts predict that SAP SE will post 4.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays boosted their price objective on shares of SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. TD Cowen boosted 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. Finally, JMP Securities boosted their target price on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $232.17.

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.