Saturna Capital Corp Sells 2,450 Shares of SAP SE (NYSE:SAP)

Saturna Capital Corp decreased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,227 shares of the software maker's stock after selling 2,450 shares during the period. Saturna Capital Corp's holdings in SAP were worth $4,356,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Cullen Frost Bankers Inc. boosted its position in shares of SAP by 35.4% during the first quarter. Cullen Frost Bankers Inc. now owns 394 shares of the software maker's stock valued at $106,000 after buying an additional 103 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in SAP by 2.1% during the first quarter. Segall Bryant & Hamill LLC now owns 42,840 shares of the software maker's stock worth $11,500,000 after acquiring an additional 868 shares during the period. Bridgewater Advisors Inc. bought a new stake in SAP during the first quarter worth $1,367,000. Whittier Trust Co. lifted its holdings in SAP by 9.7% during the first quarter. Whittier Trust Co. now owns 9,809 shares of the software maker's stock worth $2,633,000 after acquiring an additional 865 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in SAP by 6.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 157,600 shares of the software maker's stock worth $42,306,000 after acquiring an additional 10,061 shares during the period.

SAP Price Performance

Shares of SAP traded down $2.44 during midday trading on Friday, reaching $306.17. The stock had a trading volume of 1,021,167 shares, compared to its average volume of 1,100,926. The company's 50-day moving average is $299.56 and its 200 day moving average is $280.73. SAP SE has a 12-month low of $194.93 and a 12-month high of $313.28. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $376.13 billion, a price-to-earnings ratio of 58.65, a price-to-earnings-growth ratio of 4.37 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. On average, equities analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Wells Fargo & Company assumed coverage on SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday, May 30th. Finally, JMP Securities restated a "market outperform" rating and issued a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, SAP presently has a consensus rating of "Buy" and an average target price of $271.83.

About SAP

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.