Dorsey Wright & Associates Sells 1,420 Shares of SAP SE (NYSE:SAP)

Dorsey Wright & Associates reduced its position in shares of SAP SE (NYSE:SAP - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,076 shares of the software maker's stock after selling 1,420 shares during the quarter. Dorsey Wright & Associates' holdings in SAP were worth $3,242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Street Partners LLC raised its position in SAP by 1.0% during the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock worth $908,000 after acquiring an additional 35 shares in the last quarter. Alaethes Wealth LLC increased its holdings in shares of 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 purchasing an additional 39 shares during the last quarter. Bingham Private Wealth LLC increased its holdings in shares of SAP by 4.1% in the first quarter. Bingham Private Wealth LLC now owns 1,017 shares of the software maker's stock valued at $273,000 after purchasing an additional 40 shares during the last quarter. D Orazio & Associates Inc. increased its holdings in shares of SAP by 3.1% in the first quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock valued at $367,000 after purchasing an additional 41 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of SAP by 0.5% in the first quarter. Principal Securities Inc. now owns 8,825 shares of the software maker's stock valued at $2,173,000 after purchasing an additional 42 shares during the last quarter.

Wall Street Analyst Weigh In

SAP has been the topic of several research reports. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Piper Sandler initiated coverage on shares of SAP in a report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Argus restated a "buy" rating and issued a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Finally, JMP Securities upped their price target on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $281.67.

SAP Trading Up 0.6%

NYSE:SAP traded up $1.59 on Friday, reaching $287.75. 1,608,657 shares of the stock traded hands, compared to its average volume of 1,304,201. The firm has a market capitalization of $353.51 billion, a price-to-earnings ratio of 47.64, a price-to-earnings-growth ratio of 4.10 and a beta of 1.30. The company's 50 day moving average is $300.15 and its 200-day moving average is $282.88. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. SAP SE has a 1-year low of $194.93 and a 1-year high of $313.28.

SAP (NYSE:SAP - Get Free Report) last posted 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 14.77%. The business had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm posted $1.10 EPS. SAP's revenue was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company 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.