Sustainable Growth Advisers LP Cuts Position in SAP SE (NYSE:SAP)

Sustainable Growth Advisers LP lessened its holdings in SAP SE (NYSE:SAP - Free Report) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich increased its stake in SAP by 56.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 242 shares of the software maker's stock valued at $65,000 after acquiring an additional 87 shares during the last quarter. Bingham Private Wealth LLC boosted its stake in shares of SAP by 4.1% during the 1st quarter. Bingham Private Wealth LLC now owns 1,017 shares of the software maker's stock worth $273,000 after acquiring an additional 40 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of SAP by 5.2% during the 1st quarter. Lindbrook Capital LLC now owns 2,300 shares of the software maker's stock worth $617,000 after acquiring an additional 114 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of SAP by 13.3% during the 1st quarter. IFP Advisors Inc now owns 1,521 shares of the software maker's stock valued at $408,000 after buying an additional 179 shares in the last quarter. Finally, OneAscent Financial Services LLC increased its holdings in SAP by 31.2% in the 1st quarter. OneAscent Financial Services LLC now owns 1,864 shares of the software maker's stock valued at $504,000 after acquiring an additional 443 shares during the last quarter.

SAP Stock Down 0.7%

Shares of SAP stock traded down $2.25 during mid-day trading on Tuesday, reaching $305.02. 913,317 shares of the company were exchanged, compared to its average volume of 1,101,214. The company has a market capitalization of $374.72 billion, a P/E ratio of 58.44, a P/E/G ratio of 4.33 and a beta of 1.30. The business's 50 day simple moving average is $299.81 and its 200 day simple moving average is $281.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. SAP SE has a fifty-two week low of $194.93 and a fifty-two week high of $313.28.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on SAP shares. JMP Securities restated a "market outperform" rating and issued a $330.00 target price on shares of SAP in a report on Friday, May 23rd. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. BMO Capital Markets upped their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. UBS Group raised shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. Finally, Wells Fargo & Company initiated coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $271.83.

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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