Apollon Wealth Management LLC Increases Position in SAP SE (NYSE:SAP)

Apollon Wealth Management LLC raised its holdings in shares of SAP SE (NYSE:SAP) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,505 shares of the software maker’s stock after buying an additional 130 shares during the period. Apollon Wealth Management LLC’s holdings in SAP were worth $863,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Foster Group Inc. increased its position in shares of SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after acquiring an additional 45 shares during the period. Wedmont Private Capital increased its position in shares of SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after acquiring an additional 46 shares during the period. Confluence Investment Management LLC increased its position in shares of SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after acquiring an additional 49 shares during the period. PDS Planning Inc increased its position in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after acquiring an additional 51 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in shares of SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after acquiring an additional 52 shares during the period.

SAP Trading Up 3.0 %

SAP stock opened at $289.13 on Wednesday. The company’s 50-day simple moving average is $259.11 and its 200-day simple moving average is $236.44. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 52-week low of $173.09 and a 52-week high of $289.53. The firm has a market cap of $355.20 billion, a P/E ratio of 100.74, a PEG ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several research reports. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets upped their price target on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $248.83.

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.