Sustainable Growth Advisers LP lowered its position in shares of SAP SE (NYSE:SAP - Free Report) by 6.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,334 shares of the software maker's stock after selling 4,823 shares during the period. Sustainable Growth Advisers LP's holdings in SAP were worth $17,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC raised its position in SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after purchasing an additional 82 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after acquiring an additional 66 shares during the last quarter. Founders Capital Management raised its stake in shares of SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after acquiring an additional 75 shares during the period. Highline Wealth Partners LLC lifted its holdings in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in SAP by 108.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock valued at $53,000 after purchasing an additional 101 shares during the last quarter.
SAP Stock Down 1.5%
NYSE SAP traded down $4.26 during trading on Thursday, reaching $286.38. 2,258,046 shares of the company's stock were exchanged, compared to its average volume of 1,286,959. SAP SE has a 1 year low of $194.93 and a 1 year high of $313.28. The stock has a market cap of $351.81 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 4.12 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50 day moving average price of $300.49 and a two-hundred day moving average price of $282.35.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The firm had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.77% and a net margin of 18.26%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 earnings per share. On average, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have commented on SAP. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Barclays restated an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Argus reiterated a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. JMP Securities increased their target price on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of "Buy" and a consensus target price of $279.33.
Read Our Latest Stock Report on SAP
About SAP
(
Free Report)
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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