Lindbrook Capital LLC Has $491,000 Stake in SAP SE (NYSE:SAP)

Lindbrook Capital LLC lessened its stake in SAP SE (NYSE:SAP) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,143 shares of the software maker’s stock after selling 55 shares during the period. Lindbrook Capital LLC’s holdings in SAP were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SAP. Godsey & Gibb Inc. acquired a new stake in shares of SAP during the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in SAP during the first quarter worth $25,000. POM Investment Strategies LLC increased its holdings in 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 buying an additional 116 shares during the period. Crewe Advisors LLC raised its stake 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 buying an additional 127 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of SAP by 254.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock worth $33,000 after acquiring an additional 122 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SAP shares. TD Cowen increased their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note 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 report on Tuesday, October 22nd. JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Finally, Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Trading Down 1.1 %

SAP opened at $237.56 on Friday. SAP SE has a 1-year low of $142.39 and a 1-year high of $243.01. The stock has a market capitalization of $291.84 billion, a PE ratio of 95.02, a PEG ratio of 4.43 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $227.28 and a two-hundred day moving average price of $208.66.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. As a group, equities analysts anticipate that SAP SE will post 4.9 earnings per share for the current fiscal year.

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.