SAP SE $SAP Shares Sold by Coerente Capital Management

Key Points

• Coerente Capital Management has reduced its stake in SAP SE by 1.5%, now holding 111,793 shares valued at approximately $34 million.
• Several institutional investors have recently adjusted their stakes in SAP, with IFP Advisors increasing their investment by 52% and Callan Family Office boosting theirs by 235.5% in the 2nd quarter.
• Analysts have mixed opinions on SAP's stock, with ratings ranging from Strong Buy to Hold, and an average price target set at $281.67.

Coerente Capital Management reduced its holdings in SAP SE (NYSE:SAP - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 111,793 shares of the software maker's stock after selling 1,681 shares during the quarter. SAP makes up about 6.3% of Coerente Capital Management's portfolio, making the stock its 3rd largest holding. Coerente Capital Management's holdings in SAP were worth $33,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its stake in shares of SAP by 52.0% in the 2nd quarter. IFP Advisors Inc now owns 2,312 shares of the software maker's stock valued at $703,000 after purchasing an additional 791 shares during the last quarter. Baldwin Wealth Partners LLC MA bought a new stake in shares of SAP in the 2nd quarter valued at $372,000. Callan Family Office LLC boosted its stake in shares of SAP by 235.5% in the 2nd quarter. Callan Family Office LLC now owns 23,103 shares of the software maker's stock valued at $7,026,000 after purchasing an additional 16,216 shares during the last quarter. MFA Wealth Services bought a new stake in shares of SAP in the 2nd quarter valued at $236,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of SAP by 124.7% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 445 shares of the software maker's stock valued at $135,000 after purchasing an additional 247 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of analyst reports. Erste Group Bank lowered shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SAP in a research note on Wednesday. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $281.67.

SAP Trading Down 0.5%

NYSE SAP opened at $275.76 on Friday. SAP SE has a 12 month low of $223.70 and a 12 month high of $313.28. The company has a market capitalization of $338.77 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 3.99 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The firm's fifty day moving average price is $271.98 and its 200 day moving average price is $282.39.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. On average, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Profile

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.

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