SAP SE (NYSE:SAP) Holdings Reduced by SRN Advisors LLC

SRN Advisors LLC lowered its position in SAP SE (NYSE:SAP) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,298 shares of the software maker’s stock after selling 208 shares during the quarter. SRN Advisors LLC’s holdings in SAP were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates increased its position in SAP by 3.7% in the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock valued at $127,473,000 after acquiring an additional 22,438 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of SAP during the first quarter valued at $58,936,000. NewEdge Advisors LLC raised its stake in shares of SAP by 8.6% during the second quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock valued at $39,934,000 after purchasing an additional 15,604 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in SAP in the third quarter worth about $40,573,000. Finally, Sei Investments Co. grew its position in SAP by 4.2% in the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock valued at $33,941,000 after buying an additional 6,785 shares in the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of research analyst reports. JMP Securities upped their price target 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. TD Cowen increased 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. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays upped their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, BMO Capital Markets lifted their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $252.33.

SAP Trading Down 0.3 %

Shares of NYSE SAP opened at $237.69 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP SE has a 12 month low of $130.63 and a 12 month high of $240.08. The company has a market cap of $292.00 billion, a price-to-earnings ratio of 51.56, a P/E/G ratio of 4.42 and a beta of 1.25. The business has a fifty day simple moving average of $223.61 and a 200-day simple moving average of $204.94.

SAP (NYSE:SAP) last posted its quarterly earnings data 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 firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.39%. SAP’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 earnings per share. Sell-side analysts predict that SAP SE will post 4.83 EPS for the current year.

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.