SAP SE $SAP Shares Sold by SBI Securities Co. Ltd.

Key Points

• SBI Securities trimmed its position in SAP by 87.1%, selling 6,340 shares in Q2 and leaving 942 shares worth $286,000.
• SAP beat quarterly estimates with EPS $1.86 (vs. $1.69) and revenue $10.54B (vs. $9.10B), with revenue up 7.2% YoY and analysts holding a consensus Buy rating and average target of $284.33.
• Other institutions increased stakes—Goldman Sachs now owns 1,318,908 shares (~$354M)—while SAP shares opened at $245.02 (down 2.7%), with a market cap of ~$301B and a P/E of 36.68.

SBI Securities Co. Ltd. trimmed its position in SAP SE (NYSE:SAP - Free Report) by 87.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 942 shares of the software maker's stock after selling 6,340 shares during the period. SBI Securities Co. Ltd.'s holdings in SAP were worth $286,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SAP. Central Pacific Bank Trust Division purchased a new position in SAP in the second quarter valued at about $920,000. Modern Wealth Management LLC raised its position in shares of SAP by 292.2% in the 1st quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker's stock valued at $1,252,000 after purchasing an additional 3,474 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SAP by 59.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker's stock valued at $10,353,000 after buying an additional 12,637 shares during the last quarter. Ascent Group LLC grew its position in shares of SAP by 196.3% during the first quarter. Ascent Group LLC now owns 4,175 shares of the software maker's stock worth $1,121,000 after buying an additional 2,766 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock worth $354,048,000 after buying an additional 80,164 shares during the last quarter.

SAP Trading Down 2.7%

Shares of SAP stock opened at $245.02 on Friday. The firm has a market cap of $301.01 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $265.26 and a 200-day simple moving average of $282.90.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The firm's revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. On average, equities analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAP has been the subject of several recent analyst reports. JMP Securities reissued a "market outperform" rating and set a $375.00 price objective on shares of SAP in a report on Thursday, October 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of SAP in a research note on Friday, October 31st. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Monday, October 27th. Argus reaffirmed a "buy" rating and set a $320.00 target price on shares of SAP in a report on Friday, October 24th. Finally, Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $284.33.

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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