SAP SE $SAP Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its stake in SAP SE by 1.2%, selling 8,948 shares to hold a total of 749,293 shares, valued at approximately $201.14 million.
• SAP reported a net margin of 18.26% and an earnings per share (EPS) of $1.70, exceeding the consensus estimate by $0.07 during its latest quarterly earnings.
• Analysts are optimistic about SAP's future performance, with an average rating of "Buy" and a consensus target price of $281.67.

Royal Bank of Canada lowered its position in SAP SE (NYSE:SAP - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 749,293 shares of the software maker's stock after selling 8,948 shares during the quarter. Royal Bank of Canada owned about 0.06% of SAP worth $201,141,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC increased its stake in SAP by 585.7% in the 1st 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 raised its stake 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 valued at $29,000 after acquiring an additional 66 shares in the last quarter. Founders Capital Management raised its stake in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after acquiring an additional 75 shares in the last quarter. Highline Wealth Partners LLC raised its stake 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 valued at $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Dagco Inc. bought a new stake in shares of SAP during the first quarter valued at approximately $45,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on SAP. Piper Sandler began coverage on shares of SAP in a research report on Tuesday, June 17th. They set an "overweight" rating on the stock. JMP Securities raised their target price on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 23rd. UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday, May 30th. BMO Capital Markets lifted their price objective on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Barclays reaffirmed an "overweight" rating and issued a $322.00 price objective (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $281.67.

SAP Stock Performance

SAP stock traded down $2.98 during trading on Friday, reaching $269.01. The company had a trading volume of 1,700,353 shares, compared to its average volume of 1,463,723. The firm has a 50-day simple moving average of $287.95 and a 200-day simple moving average of $283.86. The company has a market cap of $330.48 billion, a price-to-earnings ratio of 44.54, a price-to-earnings-growth ratio of 3.91 and a beta of 1.29. 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 SE has a twelve month low of $210.38 and a twelve month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last released its 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. The company had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. SAP's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. As a group, sell-side analysts expect that SAP SE will post 6.55 earnings per share 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.