SAP SE $SAP Position Lowered by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC reduced its stake in SAP SE by 6.5%, now owning 62,715 shares valued at approximately $16.83 million.
• Research firms such as Morgan Stanley and UBS Group have recently reiterated buy ratings on SAP, with JMP Securities raising the target price to $375.
• SAP reported a quarterly EPS of $1.70, surpassing estimates, with revenue of $10.58 billion, reflecting an 8.9% increase compared to the previous year.

Cambiar Investors LLC reduced its position in SAP SE (NYSE:SAP - Free Report) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,715 shares of the software maker's stock after selling 4,368 shares during the quarter. Cambiar Investors LLC's holdings in SAP were worth $16,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its stake in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after buying an additional 66 shares during the period. Founders Capital Management raised its holdings in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after buying an additional 75 shares during the period. Highline Wealth Partners LLC lifted its position in 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 buying an additional 77 shares in the last quarter. Finally, Dagco Inc. purchased a new stake in SAP during the first quarter worth approximately $45,000.

SAP Stock Down 0.7%

NYSE SAP traded down $1.8350 during mid-day trading on Wednesday, reaching $272.3950. 1,249,016 shares of the company's stock traded hands, compared to its average volume of 1,361,461. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 1-year low of $210.38 and a 1-year high of $313.28. The company has a fifty day simple moving average of $294.01 and a 200-day simple moving average of $285.14. The company has a market cap of $334.64 billion, a price-to-earnings ratio of 45.10, a P/E/G ratio of 3.98 and a beta of 1.27.

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 analysts' consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the company posted $1.10 EPS. SAP's quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on SAP. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Wall Street Zen lowered SAP from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. BMO Capital Markets upped their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Erste Group Bank downgraded SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company assumed coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average 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.