Ethic Inc. Has $18.81 Million Stock Position in SAP SE $SAP

Key Points

• Ethic Inc. reduced its stake in SAP SE by 5.0%, now holding 62,485 shares worth approximately $18.81 million.
• Multiple large investors, including TD Asset Management and Goldman Sachs, have also recently increased their positions in SAP, indicating strong institutional interest.
• Wall Street analysts have mixed views on SAP, with some lowering ratings while others set higher price targets, suggesting ongoing volatility in investor sentiment.

Ethic Inc. lessened its stake in shares of SAP SE (NYSE:SAP - Free Report) by 5.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,485 shares of the software maker's stock after selling 3,311 shares during the period. Ethic Inc.'s holdings in SAP were worth $18,814,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. TD Asset Management Inc increased its holdings in SAP by 3.8% during the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock worth $446,364,000 after buying an additional 60,261 shares during the last quarter. Northern Trust Corp increased its stake in shares of SAP by 2.8% during the 1st quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker's stock worth $406,076,000 after purchasing an additional 40,926 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after purchasing an additional 80,164 shares during the period. WCM Investment Management LLC lifted its stake in SAP by 5.5% in the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock valued at $329,395,000 after purchasing an additional 63,538 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in SAP by 2.6% during the first quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker's stock worth $98,483,000 after buying an additional 9,411 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of analyst reports. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Barclays reissued an "overweight" rating and issued a $322.00 target price (up from $308.00) on shares of SAP in a report on Friday, July 25th. Erste Group Bank cut shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. JMP Securities raised their target price on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. Finally, Oddo Bhf raised SAP from a "neutral" rating to an "outperform" rating in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $281.67.

SAP Stock Down 1.3%

Shares of NYSE SAP opened at $276.88 on Wednesday. SAP SE has a 52-week low of $227.52 and a 52-week high of $313.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The company's 50 day moving average price is $269.65 and its 200-day moving average price is $282.76. The company has a market capitalization of $340.14 billion, a P/E ratio of 45.85, a price-to-earnings-growth ratio of 4.13 and a beta of 1.28.

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

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