SAP SE $SAP Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global trimmed its stake in SAP by 21.6% in Q3, selling 27,628 shares and leaving it with 100,472 shares valued at about $27.13 million.
• SAP beat expectations in its latest quarter, reporting $1.86 EPS versus $1.69 expected and revenue of $10.65 billion (up 7.2% year‑over‑year).
• Analysts are broadly positive on SAP with an average rating of Buy and a consensus price target of $284.33, while some firms (e.g., Barclays) have raised targets as high as $348.00.

Allspring Global Investments Holdings LLC cut its stake in shares of SAP SE (NYSE:SAP - Free Report) by 21.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,472 shares of the software maker's stock after selling 27,628 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in SAP were worth $27,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new stake in shares of SAP in the 3rd quarter valued at $25,000. Retirement Wealth Solutions LLC increased its holdings in SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker's stock valued at $26,000 after buying an additional 69 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in SAP in the second quarter valued at $31,000. Albion Financial Group UT lifted its holdings in SAP by 56.8% during the 3rd quarter. Albion Financial Group UT now owns 127 shares of the software maker's stock worth $34,000 after buying an additional 46 shares during the last quarter. Finally, Motco boosted its position in shares of SAP by 400.0% during the 2nd quarter. Motco now owns 125 shares of the software maker's stock worth $36,000 after acquiring an additional 100 shares in the last quarter.

SAP Price Performance

SAP stock opened at $236.97 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $291.12 billion, a P/E ratio of 35.47, a PEG ratio of 2.91 and a beta of 1.18. The business has a 50 day simple moving average of $247.12 and a 200-day simple moving average of $269.19. SAP SE has a twelve month low of $233.51 and a twelve month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business had revenue of $10.65 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the company posted $1.23 EPS. The company's quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

SAP has been the topic of several research analyst reports. Argus reissued a "buy" rating and set a $320.00 target price on shares of SAP in a research report on Friday, October 24th. Citigroup reissued a "buy" rating on shares of SAP in a report on Thursday, December 11th. Cowen restated a "buy" rating on shares of SAP in a report on Thursday, October 23rd. Arete Research raised shares of SAP to a "strong-buy" rating in a research report on Thursday, December 11th. Finally, Barclays lifted their price target on shares of SAP from $322.00 to $348.00 and gave the stock an "overweight" rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $284.33.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

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