SAP SE $SAP Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC decreased its position in SAP SE (NYSE:SAP) by 77.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 855 shares of the software maker’s stock after selling 2,933 shares during the period. Simon Quick Advisors LLC’s holdings in SAP were worth $228,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. grew its holdings in SAP by 3.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock worth $338,000 after buying an additional 34 shares in the last quarter. Sage Rhino Capital LLC raised its stake in SAP by 1.1% during the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock valued at $1,045,000 after acquiring an additional 37 shares in the last quarter. State of Wyoming boosted its position in SAP by 11.6% during the 1st quarter. State of Wyoming now owns 384 shares of the software maker’s stock worth $103,000 after acquiring an additional 40 shares during the period. Certuity LLC grew its stake in shares of SAP by 2.4% in the second quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock worth $568,000 after purchasing an additional 43 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of SAP by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock valued at $1,355,000 after purchasing an additional 43 shares during the period.

SAP Stock Down 2.4%

SAP stock opened at $236.97 on Monday. The firm has a market cap of $291.06 billion, a PE ratio of 35.47, a P/E/G ratio of 2.91 and a beta of 1.18. SAP SE has a 12 month low of $233.51 and a 12 month high of $313.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $247.12 and a 200 day simple moving average of $269.05.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SAP shares. Arete Research raised shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. BMO Capital Markets reduced their price target on shares of SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Monday, October 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and a consensus target price 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.