Benjamin Edwards Inc. Sells 3,459 Shares of SAP SE (NYSE:SAP)

Key Points

• Benjamin Edwards Inc. reduced its stake in SAP SE by 32.1%, now holding a total of $1.96 million worth of shares after selling 3,459 shares in the first quarter.
• SAP's latest earnings report showed $1.70 earnings per share, beating expectations by $0.07, with revenue reaching $10.58 billion, surpassing analyst forecasts of $9.10 billion.
• Multiple analysts have upgraded SAP's stock, with most ratings being "buy" or "overweight," indicating strong market confidence and an average target price of $281.67.

Benjamin Edwards Inc. lowered its position in SAP SE (NYSE:SAP - Free Report) by 32.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,312 shares of the software maker's stock after selling 3,459 shares during the period. Benjamin Edwards Inc.'s holdings in SAP were worth $1,963,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SAP. GAMMA Investing LLC increased its holdings in shares of SAP by 31,239.5% in the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after purchasing an additional 1,302,061 shares in the last quarter. Northern Trust Corp increased its holdings in shares of SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after purchasing an additional 701,880 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of SAP by 6,165.7% in the fourth quarter. BNP Paribas Financial Markets now owns 357,460 shares of the software maker's stock valued at $88,010,000 after purchasing an additional 351,755 shares in the last quarter. Barclays PLC increased its holdings in shares of SAP by 101.5% in the fourth quarter. Barclays PLC now owns 3,356 shares of the software maker's stock valued at $826,000 after purchasing an additional 230,171 shares in the last quarter. Finally, Main Street Research LLC acquired a new stake in shares of SAP in the first quarter valued at approximately $32,151,000.

SAP Trading Up 1.2%

Shares of SAP stock traded up $3.29 on Wednesday, hitting $279.18. The stock had a trading volume of 1,662,899 shares, compared to its average volume of 1,755,955. SAP SE has a twelve month low of $210.38 and a twelve month high of $313.28. The firm has a market cap of $342.97 billion, a P/E ratio of 46.22, a PEG ratio of 3.97 and a beta of 1.27. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $296.44 and a two-hundred day moving average price of $285.06.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The firm's revenue was up 8.9% on a year-over-year basis. As a group, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of research reports. Argus reissued a "buy" rating and issued a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. UBS Group raised shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. BMO Capital Markets lifted their target price on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, Piper Sandler began coverage on shares of SAP in a report on Tuesday, June 17th. They set an "overweight" rating for the company. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, SAP has a consensus rating of "Buy" and a consensus target price of $281.67.

About SAP

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.