Ameriprise Financial Inc. Sells 63,924 Shares of SAP SE $SAP

Key Points

• Ameriprise Financial Inc. has reduced its stake in SAP SE by 5.4%, now owning approximately 1,129,573 shares worth $304.4 million.
• Several institutional investors have increased their holdings in SAP, with Brighton Jones LLC raising its stake by 91.1% in the fourth quarter.
• SAP's most recent earnings report revealed an EPS of $1.70, surpassing expectations by $0.07, with revenues of $10.58 billion.

Ameriprise Financial Inc. decreased its holdings in SAP SE (NYSE:SAP - Free Report) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,129,573 shares of the software maker's stock after selling 63,924 shares during the period. Ameriprise Financial Inc. owned 0.09% of SAP worth $304,384,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew its stake in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in 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 grew its stake in 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 grew its stake 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 acquiring an additional 77 shares in the last quarter. Finally, Dagco Inc. purchased a new position in SAP during the first quarter valued at approximately $45,000.

Analyst Ratings Changes

Several equities analysts recently commented on SAP shares. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Erste Group Bank cut shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Argus reissued a "buy" rating and issued a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Wells Fargo & Company initiated coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating for the company. Finally, Piper Sandler initiated coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $281.67.

SAP Trading Down 0.2%

Shares of SAP traded down $0.44 during mid-day trading on Tuesday, reaching $269.82. The company's stock had a trading volume of 1,823,820 shares, compared to its average volume of 1,366,521. The stock has a market cap of $331.47 billion, a PE ratio of 44.67, a P/E/G ratio of 3.90 and a beta of 1.27. 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 52 week low of $210.38 and a 52 week high of $313.28. The company's fifty day moving average price is $291.87 and its two-hundred day moving average price is $284.94.

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 for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The firm had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. On average, analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal 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.