Ethic Inc. Lowers Holdings in SAP SE $SAP

Ethic Inc. reduced its stake in shares of SAP SE (NYSE:SAP) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,020 shares of the software maker’s stock after selling 2,465 shares during the period. Ethic Inc.’s holdings in SAP were worth $16,038,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. First PREMIER Bank purchased a new position in SAP during the third quarter worth approximately $25,000. Retirement Wealth Solutions LLC increased its holdings in shares of SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after buying an additional 69 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of SAP in the 2nd quarter worth $31,000. Princeton Global Asset Management LLC purchased a new position in shares of SAP in the 2nd quarter worth $38,000. Finally, Motco boosted its holdings in SAP by 400.0% in the second quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter.

SAP Stock Performance

SAP stock opened at $246.35 on Monday. The stock’s 50 day simple moving average is $250.51 and its 200 day simple moving average is $270.88. SAP SE has a 12-month low of $233.51 and a 12-month high of $313.28. The firm has a market cap of $302.64 billion, a P/E ratio of 36.88, a P/E/G ratio of 3.54 and a beta of 1.19. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last released its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.17. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. As a group, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

SAP has been the topic of a number of research reports. JMP Securities restated a “market outperform” rating and issued a $375.00 price objective on shares of SAP in a report on Thursday, October 23rd. Morgan Stanley restated an “overweight” rating on shares of SAP in a report on Friday, October 31st. Citigroup restated a “buy” rating on shares of SAP in a research note on Thursday, December 11th. Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Finally, Argus reaffirmed a “buy” rating and issued a $320.00 target price on shares of SAP in a research report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $284.33.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.