SAP SE $SAP Shares Sold by Citigroup Inc.

Key Points

• Citigroup reduced its stake in SAP by 3.9% in the third quarter, selling 24,435 shares and ending the period with 599,531 shares worth $160.201 million.
• Analyst sentiment is mixed with several downgrades and upgrades, but the consensus rating is Moderate Buy and the average price target stands at $305.75.
• SAP beat quarterly expectations with EPS $1.90 versus $1.77 and revenue $11.36B versus $9.77B; the shares opened at $202.59 and have a 52-week range of $189.22–$313.28.

Citigroup Inc. reduced its stake in shares of SAP SE (NYSE:SAP - Free Report) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 599,531 shares of the software maker's stock after selling 24,435 shares during the period. Citigroup Inc.'s holdings in SAP were worth $160,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First PREMIER Bank acquired a new stake in shares of SAP in the third quarter worth $25,000. Retirement Wealth Solutions LLC raised its holdings in SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker's stock worth $26,000 after purchasing an additional 69 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of SAP during the 3rd quarter worth approximately $27,000. Copia Wealth Management acquired a new position in SAP during the third quarter worth $28,000. Finally, Guerra Advisors Inc purchased a new position in SAP during the third quarter valued at $31,000.

Analysts Set New Price Targets

SAP has been the topic of a number of research reports. Citizens Jmp lowered shares of SAP from an "outperform" rating to a "market perform" rating in a research note on Friday, January 30th. Weiss Ratings cut SAP from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, February 11th. Citigroup cut shares of SAP from a "buy" rating to a "hold" rating in a research note on Friday, January 30th. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Monday, February 16th. Finally, Santander upgraded shares of SAP to a "neutral" rating in a report on Tuesday, February 3rd. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $305.75.

SAP Stock Up 1.2%

Shares of NYSE SAP opened at $202.59 on Friday. The company has a market capitalization of $248.88 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.25 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 1.10. The company has a 50 day simple moving average of $227.62 and a 200-day simple moving average of $250.54. SAP SE has a 1 year low of $189.22 and a 1 year high of $313.28.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.52% and a net margin of 19.92%.The company had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP 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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