SAP SE $SAP Stake Lowered by SG Americas Securities LLC

Key Points

• SG Americas Securities cut its stake in SAP by 86.6% in Q4, selling 25,080 shares and leaving it with 3,887 shares worth about $944,000 per its SEC filing.
• SAP beat Q4 expectations, reporting EPS of $1.90 vs. $1.77 estimated and revenue of $11.36B vs. $9.77B estimated, with revenue up 3.3% year‑over‑year.
• Broker views are mixed but the consensus is a "Moderate Buy" with an average target of $305.75, while the stock opened at $164.39 (down 2.8%) and trades well below its 52‑week high of $313.28.

SG Americas Securities LLC reduced its stake in shares of SAP SE (NYSE:SAP - Free Report) by 86.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,887 shares of the software maker's stock after selling 25,080 shares during the period. SG Americas Securities LLC's holdings in SAP were worth $944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SAP. Windacre Partnership LLC grew its holdings in shares of SAP by 130.9% during the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker's stock valued at $629,874,000 after acquiring an additional 1,336,325 shares in the last quarter. Bank of America Corp DE boosted its holdings in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker's stock worth $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Sustainable Growth Advisers LP boosted its holdings in SAP by 1,126.3% in the third quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker's stock worth $225,102,000 after purchasing an additional 773,720 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in SAP by 9,269.8% in the third quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker's stock worth $112,542,000 after purchasing an additional 416,678 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in SAP by 2.8% in the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker's stock worth $3,887,727,000 after purchasing an additional 392,010 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on SAP. Citizens Jmp cut shares of SAP from an "outperform" rating to a "market perform" rating in a report on Friday, January 30th. Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of SAP in a report on Tuesday, March 24th. Zacks Research cut shares of SAP from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 5th. Finally, Piper Sandler began coverage on shares of SAP in a report on Tuesday, February 3rd. They issued an "overweight" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $305.75.

SAP Stock Down 2.8%

SAP stock opened at $164.39 on Friday. The firm has a market cap of $201.95 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 1.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. SAP SE has a fifty-two week low of $160.66 and a fifty-two week high of $313.28. The firm has a fifty day moving average price of $190.29 and a two-hundred day moving average price of $229.95.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.13. The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. As a group, analysts forecast 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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