Angeles Wealth Management LLC buys 62 shares of SAP SE (NYSE:SAP)

Angeles Wealth Management LLC raised its holdings in SAP SE (NYSE:SAP – Free Report) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,856 shares of the software maker’s stock after purchasing an additional 62 shares during the quarter. Angeles Wealth Management LLC’s holdings in SAP were worth $374,000 at the end of the most recent reporting period.

Several other hedge funds have recently modified their holdings of the business. AMJ Financial Wealth Management boosted its stake in shares of SAP by 23.7% in the second quarter. AMJ Financial Wealth Management now owns 44,092 shares of the software maker’s stock valued at $8,894,000 after purchasing an additional 8,434 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of SAP by 7.9% in the second quarter. Coldstream Capital Management Inc. now owns 3,319 shares of the software maker’s stock valued at $669,000 after purchasing an additional 242 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of SAP by 12.0% in the second quarter. Gryphon Financial Partners LLC now owns 2,686 shares of the software maker’s stock valued at $542,000 after buying an additional 287 shares in the last quarter. Choreo LLC bought a new position in shares of SAP in the second quarter valued at about $4,648,000. Finally, Wedbush Securities Inc. boosted its stake in shares of SAP by 6.0% in the second quarter. Wedbush Securities Inc. now owns 7,948 shares of the software maker’s stock valued at $1,603,000 after buying an additional 448 shares in the last quarter.

SAP trading up 1.7%

SAP stock opened at $217.49 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12, and a debt-to-equity ratio of 0.17. SAP SE has a 12-month low of $126.75 and a 12-month high of $221.24. The company’s 50-day moving average price is $209.82, and its two-hundred-day moving average price is $196.92.

SAP (NYSE:SAP – Get Free Report ) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping 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 firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. In the same quarter last year, the company posted earnings of $0.71 per share. The company’s revenue increased by 9.7% year-on-year. As a group, research analysts forecast that SAP SE will post 4.83 earnings per share for the current year.

The Wall Street analyst weighs in

Several research analysts recently weighed in on SAP shares. JMP Securities lifted their price objective on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. TD Cowen raised their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Barclays lifted their price objective on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Sanford C. Bernstein started coverage on shares of SAP in a research note on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $232.00, based on data from MarketBeat.com.

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About SAP

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SAP SE, together with its subsidiaries, provides applications, technology and services worldwide. 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 expense management solutions covering direct and indirect expenses, travel and expenses, and external workforce management.

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