By otakuyassine3@gmail.com 
Avity Investment Management Inc. cut its holdings in shares of SAP SE (NYSE:SAP – Free Report) by 10.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,790 shares of the software maker’s stock after selling 200 shares during the quarter. Avity Investment Management Inc.’s holdings in SAP were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. Wedmont Private Capital lifted its stake in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after buying an additional 46 shares in the last quarter. Confluence Investment Management LLC grew its stake in 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 buying an additional 49 shares in the last quarter. PDS Planning Inc raised its holdings in SAP by 1.3% during 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. Rosenberg Matthew Hamilton lifted its position in shares of SAP by 5.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after acquiring an additional 52 shares in the last quarter. Finally, Drive Wealth Management LLC boosted its holdings in shares of SAP by 2.9% in the third quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker’s stock worth $498,000 after acquiring an additional 61 shares during the period.
SAP Trading Up 1.5 %
Shares of SAP stock opened at $253.20 on Wednesday. The company has a 50 day simple moving average of $244.13 and a two-hundred day simple moving average of $226.99. The firm has a market cap of $311.06 billion, a PE ratio of 101.28, a PEG ratio of 4.94 and a beta of 1.22. SAP SE has a 1 year low of $155.82 and a 1 year high of $256.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.
SAP (NYSE:SAP – Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The company had revenue of $8.47 billion for 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 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. Analysts expect that SAP SE will post 4.8 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on SAP shares. BMO Capital Markets boosted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Barclays upped their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen raised their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, JMP Securities increased their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.33.
View Our Latest Stock Analysis on SAP
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.
See Also
Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP – Free Report).
Receive News & Ratings for SAP Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SAP and related companies with MarketBeat.com’s FREE daily email newsletter.