Kayne Anderson Rudnick Investment Management LLC Sells 3,904 Shares of SAP SE $SAP

Key Points

• Kayne Anderson Rudnick Investment Management LLC has reduced its stake in SAP SE by 13.1%, holding 25,883 shares worth $6,948,000.
• Several large investors have increased their positions in SAP, with notable boosts including GAMMA Investing LLC, which raised its stake by an astonishing 31,239.5% during the first quarter.
• As of its last earnings report, SAP exceeded analysts' expectations with an EPS of $1.70 and revenue of $10.58 billion, indicating an 8.9% year-over-year growth.

Kayne Anderson Rudnick Investment Management LLC decreased its stake in SAP SE (NYSE:SAP - Free Report) by 13.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,883 shares of the software maker's stock after selling 3,904 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in SAP were worth $6,948,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SAP. Principal Street Partners LLC grew its holdings 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 purchasing an additional 35 shares during the period. Independent Advisor Alliance grew its holdings in SAP by 0.4% during the first quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker's stock worth $2,673,000 after purchasing an additional 35 shares during the period. Cordatus Wealth Management LLC grew its holdings in SAP by 1.1% during the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock worth $889,000 after purchasing an additional 37 shares during the period. Alaethes Wealth LLC grew its holdings in SAP by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares during the period. Finally, LCM Capital Management Inc grew its holdings in SAP by 1.9% during the first quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker's stock worth $557,000 after purchasing an additional 39 shares during the period.

SAP Stock Performance

NYSE:SAP traded up $0.32 during mid-day trading on Thursday, reaching $275.43. 731,000 shares of the company's stock were exchanged, compared to its average volume of 1,586,241. SAP SE has a one year low of $210.38 and a one year high of $313.28. The firm has a market capitalization of $338.36 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 3.96 and a beta of 1.27. The business's fifty day simple moving average is $290.84 and its two-hundred day simple moving average is $284.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping 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 analyst estimates of $9.10 billion. During the same period last year, the firm earned $1.10 earnings per share. SAP's revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays reiterated an "overweight" rating and set a $322.00 price target (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Wells Fargo & Company began coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. Finally, Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, SAP presently has a consensus rating of "Buy" and an average price target of $281.67.

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.