William Blair Investment Management LLC Decreases Stock Position in SAP SE $SAP

Key Points

• William Blair Investment Management LLC has reduced its stake in SAP SE by 20.7%, holding 12,521 shares valued at approximately $3.8 million post-sale.
• Despite the cut by William Blair, several other investors, including Contravisory Investment Management Inc. and Cordatus Wealth Management LLC, have increased their positions in SAP during the same period.
• Analysts maintain a consensus rating of "Buy" for SAP, with a target price set at $281.67, reflecting confidence in the company's growth potential.

William Blair Investment Management LLC cut its position in SAP SE (NYSE:SAP - Free Report) by 20.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,521 shares of the software maker's stock after selling 3,277 shares during the quarter. William Blair Investment Management LLC's holdings in SAP were worth $3,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. boosted its stake in 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 acquiring an additional 34 shares during the last quarter. Independent Advisor Alliance boosted its stake in 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 acquiring an additional 35 shares during the last quarter. Cordatus Wealth Management LLC boosted its stake in 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 acquiring an additional 37 shares during the last quarter. Sage Rhino Capital LLC boosted its stake in 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 acquiring an additional 37 shares during the last quarter. Finally, LCM Capital Management Inc boosted its stake in SAP by 1.9% during the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker's stock valued at $557,000 after acquiring an additional 39 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on SAP. Weiss Ratings reiterated a "buy (b)" rating on shares of SAP in a research note on Wednesday, October 8th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Tuesday, September 16th. Erste Group Bank cut shares of SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Barclays reissued an "overweight" rating and set a $322.00 target price (up from $308.00) on shares of SAP in a report on Friday, July 25th. Finally, 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, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $281.67.

SAP Stock Up 1.9%

SAP stock opened at $277.96 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28. The firm's 50-day simple moving average is $269.56 and its 200 day simple moving average is $282.77. The stock has a market cap of $341.48 billion, a PE ratio of 46.02, a price-to-earnings-growth ratio of 4.06 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the company earned $1.10 EPS. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that SAP SE will post 6.55 EPS for the current 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.

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