Mar Vista Investment Partners LLC Reduces Position in SAP SE (NYSE:SAP)

Mar Vista Investment Partners LLC reduced its position in shares of SAP SE (NYSE:SAP - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,355 shares of the software maker's stock after selling 27,654 shares during the quarter. SAP accounts for 4.0% of Mar Vista Investment Partners LLC's investment portfolio, making the stock its 7th biggest holding. Mar Vista Investment Partners LLC's holdings in SAP were worth $48,146,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. TD Asset Management Inc. lifted its holdings in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after buying an additional 890,157 shares during the last quarter. Northern Trust Corp boosted its stake in SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after buying an additional 701,880 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares in the last quarter. Bank of America Corp DE increased its stake in shares of SAP by 5.7% in the fourth quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after buying an additional 70,613 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after purchasing an additional 1,302,061 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SAP. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. UBS Group raised SAP to a "strong-buy" rating in a research note on Friday, May 30th. JMP Securities reaffirmed a "market outperform" rating and set a $330.00 price target on shares of SAP in a research report on Friday, May 23rd. Barclays reaffirmed an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Finally, Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $271.83.

SAP Price Performance

SAP stock traded down $5.22 during mid-day trading on Friday, hitting $300.99. The stock had a trading volume of 1,105,063 shares, compared to its average volume of 1,093,398. The firm has a fifty day simple moving average of $299.09 and a 200 day simple moving average of $278.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. SAP SE has a 52 week low of $194.93 and a 52 week high of $313.28. The firm has a market capitalization of $369.77 billion, a P/E ratio of 57.66, a P/E/G ratio of 4.33 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. As a group, research analysts forecast that SAP SE will post 6.55 EPS for the current year.

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.