Unio Capital LLC Trims Holdings in SAP SE $SAP

Key Points

• Unio Capital LLC reduced its holdings in SAP SE by 4.2%, owning 50,271 shares worth approximately $13.5 million, making it its 11th largest holding.
• Other institutional investors have significantly increased their stakes in SAP, with GAMMA Investing LLC boosting its stake by 31,239.5%, resulting in ownership of over 1.3 million shares valued at $350.6 million.
• Despite recent fluctuations, analysts maintain a positive outlook on SAP, with an average rating of "Buy" and price targets ranging from $281.67 to $330.00.

Unio Capital LLC cut its position in shares of SAP SE (NYSE:SAP - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,271 shares of the software maker's stock after selling 2,187 shares during the period. SAP comprises about 5.2% of Unio Capital LLC's investment portfolio, making the stock its 11th largest position. Unio Capital LLC's holdings in SAP were worth $13,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc boosted its stake in SAP by 3.8% in the 1st quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock valued at $446,364,000 after buying an additional 60,261 shares in the last quarter. Northern Trust Corp boosted its stake in SAP by 2.8% in the first quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker's stock worth $406,076,000 after purchasing an additional 40,926 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after acquiring an additional 1,302,061 shares during the period. WCM Investment Management LLC lifted its stake in shares of SAP by 5.5% during the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock valued at $329,395,000 after acquiring an additional 63,538 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of SAP by 4.9% during the fourth quarter. Royal Bank of Canada now owns 758,241 shares of the software maker's stock valued at $186,688,000 after acquiring an additional 35,721 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently commented on SAP shares. JMP Securities upped their price objective on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. Wall Street Zen cut SAP from a "buy" rating to a "hold" rating in a research report on Sunday, August 31st. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Erste Group Bank lowered SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Piper Sandler assumed coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $281.67.

SAP Stock Up 0.4%

Shares of SAP stock traded up $1.20 during trading hours on Tuesday, reaching $271.53. The company had a trading volume of 3,118,197 shares, compared to its average volume of 1,522,020. SAP SE has a 12 month low of $210.80 and a 12 month high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day simple moving average of $286.67 and a 200-day simple moving average of $283.63. The company has a market cap of $333.57 billion, a price-to-earnings ratio of 44.96, a price-to-earnings-growth ratio of 3.88 and a beta of 1.29.

SAP (NYSE:SAP - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.SAP's revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $1.10 earnings per share. On average, research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.