Callan Family Office LLC Sells 1,582 Shares of SAP SE (NYSE:SAP)

Key Points

• Callan Family Office LLC has decreased its holdings in SAP SE by 18.7%, now owning 6,887 shares worth approximately $1,849,000.
• Despite Callan's reduction, other investors have increased their stakes in SAP, with Deutsche Bank AG boosting its position by 41.3% in the last quarter.
• SAP reported impressive quarterly earnings of $1.70 per share, surpassing analysts' expectations, and generated revenues of $10.58 billion for the quarter.

Callan Family Office LLC lessened its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 18.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,887 shares of the software maker's stock after selling 1,582 shares during the period. Callan Family Office LLC's holdings in SAP were worth $1,849,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC grew its position in SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after buying an additional 66 shares in the last quarter. Founders Capital Management grew its holdings in SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after buying an additional 75 shares in the last quarter. Highline Wealth Partners LLC grew its stake in shares of SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after purchasing an additional 77 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of SAP by 108.6% in the first quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock worth $53,000 after purchasing an additional 101 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SAP. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. JMP Securities increased their price objective on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company initiated coverage on SAP in a research note on Tuesday, May 20th. They set an "overweight" rating for the company. Barclays reaffirmed an "overweight" rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $281.67.

SAP Trading Down 0.4%

Shares of SAP traded down $1.19 during midday trading on Friday, hitting $277.72. The stock had a trading volume of 1,292,621 shares, compared to its average volume of 1,357,815. The business has a 50-day simple moving average of $295.84 and a two-hundred day simple moving average of $285.09. SAP SE has a fifty-two week low of $210.38 and a fifty-two week high of $313.28. 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 firm has a market cap of $341.18 billion, a P/E ratio of 45.98, a price-to-earnings-growth ratio of 4.01 and a beta of 1.27.

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

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.