SAP SE $SAP Stock Position Cut by WCM Investment Management LLC

Key Points

• WCM Investment Management LLC reduced its stake in SAP SE by 0.4% in Q2, holding approximately 1.2 million shares valued at $368.8 million.
• SAP reported Q2 earnings of $1.70 per share, exceeding analysts' estimates by $0.07, and achieved a revenue of $10.58 billion, surpassing forecasts of $9.10 billion.
• Analysts currently maintain a consensus rating of "Buy" for SAP, with a target price set at $281.67, reflecting positive sentiment towards the company's performance.

WCM Investment Management LLC lessened its stake in SAP SE (NYSE:SAP - Free Report) by 0.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,224,778 shares of the software maker's stock after selling 4,308 shares during the period. WCM Investment Management LLC owned 0.10% of SAP worth $368,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. boosted its position in shares of SAP by 3.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker's stock valued at $338,000 after purchasing an additional 34 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of SAP by 0.4% during the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker's stock valued at $2,673,000 after purchasing an additional 35 shares in the last quarter. Cordatus Wealth Management LLC boosted its position in shares of SAP by 1.1% during the 1st quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock valued at $889,000 after purchasing an additional 37 shares in the last quarter. Sage Rhino Capital LLC boosted its position in shares of SAP by 1.1% during the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker's stock valued at $1,045,000 after purchasing an additional 37 shares in the last quarter. Finally, LCM Capital Management Inc boosted its holdings in shares of SAP by 1.9% in the first quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker's stock worth $557,000 after buying an additional 39 shares during the period.

SAP Trading Up 0.3%

NYSE:SAP opened at $271.42 on Thursday. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28. The firm has a market cap of $333.44 billion, a price-to-earnings ratio of 44.94, a P/E/G ratio of 4.03 and a beta of 1.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The company's 50 day moving average is $270.64 and its 200-day moving average is $282.35.

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, beating analysts' consensus estimates 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 net margin of 18.26% and a return on equity of 14.84%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on SAP shares. Oddo Bhf upgraded shares of SAP from a "neutral" rating to an "outperform" rating in a report on Wednesday, September 24th. Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Erste Group Bank lowered shares of SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Weiss Ratings reissued a "buy (b)" rating on shares of SAP in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report 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 assigned a Hold rating to the company. According to data from MarketBeat, SAP presently has a consensus rating of "Buy" and a consensus target price of $281.67.

SAP Company 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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