Guardian Partners Inc. Sells 2,142 Shares of SAP SE $SAP

Key Points

• Guardian Partners Inc. reduced its stake in SAP SE by 4.2%, now holding 48,551 shares valued at approximately $13.2 million.
• Other institutional investors have made significant moves, with GAMMA Investing LLC massively increasing its position by over 31,239%, owning now 1.3 million shares worth around $350.6 million.
• SAP recently reported earnings of $1.70 per share for the last quarter, surpassing analyst expectations and achieving 8.9% year-over-year revenue growth with a total revenue of $10.58 billion.

Guardian Partners Inc. decreased its holdings in SAP SE (NYSE:SAP - Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,551 shares of the software maker's stock after selling 2,142 shares during the period. SAP makes up approximately 1.3% of Guardian Partners Inc.'s investment portfolio, making the stock its 25th largest position. Guardian Partners Inc.'s holdings in SAP were worth $13,181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its holdings in SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after purchasing an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after purchasing an additional 66 shares during the period. Founders Capital Management increased its stake in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after purchasing an additional 75 shares during the period. Highline Wealth Partners LLC increased its stake in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after purchasing an additional 77 shares during the period. Finally, Dagco Inc. acquired a new position in SAP in the first quarter valued at $45,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SAP shares. BMO Capital Markets boosted their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Piper Sandler initiated coverage on shares of SAP in a research report on Tuesday, June 17th. They set an "overweight" rating for the company. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Wells Fargo & Company assumed coverage on shares of SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Finally, Erste Group Bank downgraded shares of SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $281.67.

SAP Stock Down 0.4%

NYSE SAP traded down $1.11 during trading on Friday, reaching $257.08. The company's stock had a trading volume of 1,227,922 shares, compared to its average volume of 1,393,228. The business has a 50-day moving average price of $285.03 and a 200-day moving average price of $283.29. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 1-year low of $217.51 and a 1-year high of $313.28. The stock has a market capitalization of $315.82 billion, a PE ratio of 42.56, a PEG ratio of 3.74 and a beta of 1.29.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, beating the consensus estimate 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 net margin of 18.26% and a return on equity of 14.84%. The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. On average, research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal 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.