SAP SE $SAP Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC reduced its holdings in SAP SE by 4.8%, selling 9,611 shares, and now owns 192,453 shares valued at $51.66 million.
• Multiple institutions, including GAMMA Investing LLC and Deutsche Bank AG, significantly increased their stakes in SAP during the same period, highlighting growing investor interest.
• SAP reported a quarterly earnings per share of $1.70, exceeding expectations and reflecting an 8.9% year-over-year revenue increase to $10.58 billion.

NewEdge Advisors LLC reduced its position in shares of SAP SE (NYSE:SAP - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,453 shares of the software maker's stock after selling 9,611 shares during the period. NewEdge Advisors LLC's holdings in SAP were worth $51,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its position in shares of SAP by 585.7% during 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. Creative Financial Designs Inc. ADV boosted its position in shares of SAP by 153.5% during 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. Founders Capital Management boosted its position in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after buying an additional 75 shares during the period. Highline Wealth Partners LLC boosted its position in shares of SAP by 126.2% during 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 position in shares of SAP during the first quarter worth $45,000.

SAP Stock Down 1.1%

Shares of NYSE SAP traded down $2.98 during mid-day trading on Friday, hitting $269.01. The company had a trading volume of 1,700,353 shares, compared to its average volume of 1,490,762. The company has a market capitalization of $330.48 billion, a PE ratio of 44.54, a price-to-earnings-growth ratio of 3.86 and a beta of 1.29. 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 SE has a 1-year low of $210.38 and a 1-year high of $313.28. The business's 50-day simple moving average is $287.95 and its 200 day simple moving average is $283.80.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data 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. SAP had a return on equity of 14.84% and a net margin of 18.26%.The business had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the firm earned $1.10 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAP. Piper Sandler began coverage on SAP in a research report on Tuesday, June 17th. They set an "overweight" rating for the company. Wall Street Zen lowered SAP from a "buy" rating to a "hold" rating in a research report on Sunday, August 31st. BMO Capital Markets increased their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Barclays reiterated an "overweight" rating and issued a $322.00 price objective (up from $308.00) on shares of SAP in a research note on Friday, July 25th. Finally, Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $281.67.

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.