FNY Investment Advisers LLC Cuts Stock Position in SAP SE $SAP

FNY Investment Advisers LLC cut its stake in shares of SAP SE (NYSE:SAP) by 98.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 102 shares of the software maker’s stock after selling 4,898 shares during the period. FNY Investment Advisers LLC’s holdings in SAP were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. First PREMIER Bank purchased a new position in SAP during the 3rd quarter worth $25,000. Retirement Wealth Solutions LLC lifted its stake in shares of SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after acquiring an additional 69 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of SAP in the third quarter valued at about $27,000. Copia Wealth Management purchased a new stake in shares of SAP in the third quarter valued at about $28,000. Finally, Guerra Advisors Inc acquired a new position in shares of SAP during the third quarter worth about $31,000.

Analyst Ratings Changes

Several research firms recently issued reports on SAP. Weiss Ratings cut shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. Piper Sandler started coverage on SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SAP in a research note on Friday, January 30th. Santander raised SAP to a “neutral” rating in a report on Tuesday, February 3rd. Finally, Zacks Research downgraded SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Down 5.0%

SAP stock opened at $175.80 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $207.87 and its 200 day moving average price is $238.93. SAP SE has a 52 week low of $174.50 and a 52 week high of $313.28. The company has a market cap of $215.97 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.93 and a beta of 1.18.

SAP (NYSE:SAP) last issued its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.54%. The company had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the company posted $1.40 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP 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.