Madison Asset Management LLC Sells 1,286 Shares of SAP SE (NYSE:SAP)

Madison Asset Management LLC lowered its holdings in SAP SE (NYSE:SAP - Free Report) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,908 shares of the software maker's stock after selling 1,286 shares during the quarter. Madison Asset Management LLC's holdings in SAP were worth $2,391,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC boosted its stake in SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV boosted 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 worth $29,000 after purchasing an additional 66 shares in the last quarter. Founders Capital Management boosted its stake in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Highline Wealth Partners LLC boosted 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 worth $37,000 after purchasing an additional 77 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in shares of SAP by 108.6% during the first quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock valued at $53,000 after acquiring an additional 101 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SAP shares. Piper Sandler started coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. Argus reaffirmed a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. BMO Capital Markets upped their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, JMP Securities upped their price target on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research note on Wednesday. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $281.67.

SAP Trading Up 0.6%

NYSE:SAP traded up $1.59 during mid-day trading on Friday, hitting $287.75. The company had a trading volume of 1,608,657 shares, compared to its average volume of 1,304,201. SAP SE has a fifty-two week low of $194.93 and a fifty-two week high of $313.28. The business's fifty day moving average is $300.15 and its two-hundred day moving average is $282.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $353.51 billion, a P/E ratio of 47.64, a P/E/G ratio of 4.10 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.77% and a net margin of 18.26%. The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The company's quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts expect that SAP SE will post 6.55 earnings per share for the current 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.