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 46.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,167 shares of the software maker’s stock after selling 1,032 shares during the period. Icon Wealth Advisors LLC’s holdings in SAP were worth $267,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SAP. Godsey & Gibb Inc. purchased a new position in shares of SAP in the 3rd quarter worth about $25,000. LRI Investments LLC acquired a new position in SAP during the first quarter valued at approximately $25,000. POM Investment Strategies LLC grew its stake in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after buying an additional 116 shares during the period. Crewe Advisors LLC increased its position in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in shares of SAP in the 2nd quarter valued at $40,000.

SAP Stock Performance

SAP stock opened at $236.25 on Friday. 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 stock has a 50 day moving average of $230.65 and a 200-day moving average of $212.23. The stock has a market cap of $290.23 billion, a P/E ratio of 94.50, a price-to-earnings-growth ratio of 4.53 and a beta of 1.25. SAP SE has a 52 week low of $148.38 and a 52 week high of $243.01.

SAP (NYSE:SAP) last announced 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 for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. On average, analysts expect that SAP SE will post 4.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the subject of several recent research reports. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen raised their target price on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $252.33.

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.