Hantz Financial Services Inc. Lowers Stock Position in SAP SE (NYSE:SAP)

Hantz Financial Services Inc. lowered its position in shares of SAP SE (NYSE:SAP) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,162 shares of the software maker’s stock after selling 7,628 shares during the quarter. Hantz Financial Services Inc.’s holdings in SAP were worth $21,573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SAP. Modera Wealth Management LLC increased its holdings in SAP by 1.4% in the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after buying an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in SAP by 3.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after buying an additional 51 shares in the last quarter. PDS Planning Inc increased its holdings in SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after buying an additional 51 shares in the last quarter. RFP Financial Group LLC increased its holdings in SAP by 17.5% in the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after buying an additional 52 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after buying an additional 52 shares in the last quarter.

SAP Stock Down 1.3 %

NYSE SAP opened at $232.02 on Friday. The stock’s 50 day moving average is $231.37 and its 200 day moving average is $213.26. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 12 month low of $148.38 and a 12 month high of $243.01. The stock has a market cap of $285.04 billion, a PE ratio of 92.81, a P/E/G ratio of 4.45 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 earnings per share. Research analysts predict that SAP SE will post 4.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of recent research reports. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. TD Cowen boosted their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note 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. Finally, BMO Capital Markets boosted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP 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.