Natural Investments LLC Trims Stock Holdings in SAP SE $SAP

Key Points

• Natural Investments LLC reduced its stake in SAP SE by 16.2% in Q2, holding 7,601 shares worth $2.31 million at the quarter's end.
• SAP reported earnings per share of $1.70 for the last quarter, surpassing expectations, with revenue of $10.58 billion, an increase of 8.9% year-over-year.
• Analysts have a consensus rating of "Buy" for SAP, with a target price of $281.67, although some recent ratings have been mixed with upgrades and downgrades.

Natural Investments LLC trimmed its holdings in SAP SE (NYSE:SAP - Free Report) by 16.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,601 shares of the software maker's stock after selling 1,473 shares during the quarter. Natural Investments LLC's holdings in SAP were worth $2,311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC raised its holdings in shares of 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 buying an additional 82 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in shares of SAP in the second quarter worth approximately $31,000. Creative Financial Designs Inc. ADV raised its holdings in shares of 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 buying an additional 66 shares during the period. Highline Wealth Partners LLC raised its holdings in shares of 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 buying an additional 77 shares during the period. Finally, Dagco Inc. purchased a new stake in shares of SAP in the first quarter worth approximately $45,000.

SAP Stock Down 3.7%

Shares of NYSE SAP opened at $265.62 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $326.32 billion, a PE ratio of 43.98, a price-to-earnings-growth ratio of 4.09 and a beta of 1.28. The stock's fifty day simple moving average is $271.63 and its two-hundred day simple moving average is $282.29. SAP SE has a 12-month low of $225.67 and a 12-month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $10.58 billion for 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 for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. As a group, analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on SAP shares. Oddo Bhf upgraded SAP from a "neutral" rating to an "outperform" rating in a report on Wednesday, September 24th. Piper Sandler started coverage on SAP in a report on Tuesday, June 17th. They set an "overweight" rating on the stock. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. JMP Securities raised their price objective on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of SAP in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, SAP has a consensus rating of "Buy" and a consensus target price of $281.67.

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.

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