Barometer Capital Management Inc. cut its stake in SAP SE (NYSE:SAP - Free Report) by 98.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,050 shares of the software maker's stock after selling 181,050 shares during the period. Barometer Capital Management Inc.'s holdings in SAP were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in SAP. Binnacle Investments Inc lifted its holdings in shares of SAP by 14.2% in the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker's stock valued at $90,000 after purchasing an additional 42 shares in the last quarter. Spire Wealth Management grew its holdings in shares of SAP by 6.2% during the fourth quarter. Spire Wealth Management now owns 740 shares of the software maker's stock worth $180,000 after buying an additional 43 shares in the last quarter. Thrivent Financial for Lutherans grew 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 worth $1,355,000 after buying an additional 43 shares in the last quarter. Euro Pacific Asset Management LLC raised its position in SAP by 5.7% in the 4th quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker's stock valued at $213,000 after buying an additional 47 shares during the last quarter. Finally, Modera Wealth Management LLC raised its position in SAP by 1.2% in the 4th quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker's stock valued at $950,000 after buying an additional 48 shares during the last quarter.
Analyst Ratings Changes
SAP has been the subject of a number of recent research reports. Piper Sandler downgraded SAP from an "overweight" rating to a "neutral" rating in a research report on Tuesday, April 14th. TD Cowen lowered their price objective on shares of SAP from $230.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, July 17th. Weiss Ratings lowered shares of SAP from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 16th. The Goldman Sachs Group restated a "buy" rating and set a $265.00 target price on shares of SAP in a report on Wednesday, June 10th. Finally, Barclays decreased their target price on shares of SAP from $257.00 to $255.00 and set an "overweight" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $270.83.
Get Our Latest Stock Analysis on SAP
SAP Stock Down 2.4%
SAP stock opened at $154.54 on Wednesday. The company has a market cap of $189.86 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.82 and a beta of 1.14. SAP SE has a twelve month low of $148.06 and a twelve month high of $307.66. The business has a 50 day moving average price of $166.38 and a two-hundred day moving average price of $185.91. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. Analysts anticipate that SAP SE will post 8.3 EPS for the current fiscal year.
SAP Company Profile
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Free Report)
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.
Further Reading
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