Invesco Ltd. Reduces Holdings in SAP SE $SAP

Key Points

• Invesco Ltd. decreased its stake in SAP SE by 9.1%, holding 137,939 shares valued at $37.03 million after selling 13,770 shares in the first quarter.
• Deutsche Bank AG increased its holdings in SAP by 41.3% during the fourth quarter, while other institutions also modified their positions in the software company.
• SAP reported earnings of $1.70 per share for the latest quarter, exceeding analysts' expectations, with revenue reaching $10.58 billion, which is an 8.9% increase year-over-year.

Invesco Ltd. lowered its stake in SAP SE (NYSE:SAP - Free Report) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,939 shares of the software maker's stock after selling 13,770 shares during the period. Invesco Ltd.'s holdings in SAP were worth $37,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAP. Brighton Jones LLC raised its holdings in shares of SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after buying an additional 1,255 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of SAP by 15.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker's stock worth $313,000 after purchasing an additional 172 shares during the period. Barclays PLC lifted its holdings in shares of SAP by 101.5% during the fourth quarter. Barclays PLC now owns 3,356 shares of the software maker's stock worth $826,000 after purchasing an additional 230,171 shares during the period. First Trust Advisors LP lifted its holdings in shares of SAP by 21.7% during the fourth quarter. First Trust Advisors LP now owns 297,372 shares of the software maker's stock worth $73,216,000 after purchasing an additional 53,022 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of SAP by 13.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 57,264 shares of the software maker's stock worth $14,099,000 after purchasing an additional 6,704 shares during the period.

Analyst Ratings Changes

A number of research firms recently commented on SAP. Wells Fargo & Company began coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating for the company. JMP Securities lifted their target price on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. Barclays reaffirmed an "overweight" rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. UBS Group raised SAP to a "strong-buy" rating in a report on Friday, May 30th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, SAP presently has an average rating of "Buy" and an average target price of $281.67.

SAP Stock Performance

NYSE:SAP traded down $1.8350 during trading hours on Wednesday, reaching $272.3950. The company had a trading volume of 1,249,016 shares, compared to its average volume of 1,799,159. SAP SE has a 1-year low of $210.38 and a 1-year high of $313.28. The firm has a market cap of $334.64 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 3.94 and a beta of 1.27. The business's 50 day moving average price is $294.01 and its 200-day moving average price is $285.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The business 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 was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. Research analysts forecast that SAP SE will post 6.55 EPS 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.