Bailard Inc. Has $4.36 Million Stock Position in SAP SE (NYSE:SAP)

Bailard Inc. trimmed its position in shares of SAP SE (NYSE:SAP - Free Report) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,251 shares of the software maker's stock after selling 2,103 shares during the period. Bailard Inc.'s holdings in SAP were worth $4,362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Street Partners LLC raised its stake in shares of SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after buying an additional 35 shares in the last quarter. Alaethes Wealth LLC increased its stake in SAP by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after acquiring an additional 39 shares during the period. D Orazio & Associates Inc. raised its position in SAP by 3.1% in the first quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock worth $367,000 after purchasing an additional 41 shares in the last quarter. Principal Securities Inc. lifted its stake in SAP by 0.5% during the first quarter. Principal Securities Inc. now owns 8,825 shares of the software maker's stock worth $2,173,000 after purchasing an additional 42 shares during the period. Finally, Warther Private Wealth LLC boosted its holdings in SAP by 2.8% during the first quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker's stock valued at $459,000 after purchasing an additional 47 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BMO Capital Markets upped their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating for the company. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. JMP Securities reissued a "market outperform" rating and issued a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $271.83.

SAP Trading Down 0.8%

Shares of SAP traded down $2.44 during trading hours on Friday, reaching $306.17. The stock had a trading volume of 1,021,167 shares, compared to its average volume of 1,100,926. The company has a market cap of $376.13 billion, a P/E ratio of 58.65, a P/E/G ratio of 4.37 and a beta of 1.30. SAP SE has a 52 week low of $194.93 and a 52 week high of $313.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $299.56 and a 200 day moving average of $280.73.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. On average, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal 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.