Private Advisor Group LLC lowered its stake in shares of SAP SE (NYSE:SAP – Get Rating) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,116 shares of the software maker's stock after selling 250 shares during the period. Private Advisor Group LLC's holdings in SAP were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of SAP by 108.0% during the second quarter. Allworth Financial LP now owns 312 shares of the software maker's stock valued at $28,000 after purchasing an additional 162 shares during the period. Manning & Napier Group LLC acquired a new position in shares of SAP during the second quarter valued at about $5,327,000. Arden Trust Co acquired a new position in shares of SAP during the second quarter valued at about $924,000. SevenBridge Financial Group LLC raised its holdings in shares of SAP by 69.8% during the second quarter. SevenBridge Financial Group LLC now owns 5,314 shares of the software maker's stock valued at $482,000 after purchasing an additional 2,185 shares during the period. Finally, Cox Capital Mgt LLC raised its holdings in shares of SAP by 87.4% during the second quarter. Cox Capital Mgt LLC now owns 45,803 shares of the software maker's stock valued at $4,155,000 after purchasing an additional 21,365 shares during the period. Institutional investors and hedge funds own 5.20% of the company's stock.
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Analyst Upgrades and Downgrades
SAP has been the subject of several recent research reports. Oddo Bhf decreased their target price on shares of SAP from €104.00 ($106.12) to €93.00 ($94.90) and set a "neutral" rating for the company in a research report on Tuesday, July 5th. Exane BNP Paribas downgraded shares of SAP from an "outperform" rating to a "neutral" rating and set a $105.00 target price for the company. in a research report on Thursday, June 30th. Morgan Stanley decreased their target price on shares of SAP from €134.00 ($136.73) to €122.00 ($124.49) and set an "overweight" rating for the company in a research report on Thursday, July 14th. Jefferies Financial Group decreased their target price on shares of SAP from €120.00 ($122.45) to €110.00 ($112.24) and set a "hold" rating for the company in a research report on Monday, June 20th. Finally, Cowen decreased their target price on shares of SAP to $107.00 in a research report on Friday, July 22nd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $106.00.
SAP Stock Performance
Shares of SAP stock opened at $83.94 on Tuesday. The stock has a market capitalization of $99.01 billion, a P/E ratio of 21.92, a PEG ratio of 2.49 and a beta of 1.06. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The firm's 50 day moving average is $87.71 and its 200 day moving average is $95.25. SAP SE has a 12 month low of $78.22 and a 12 month high of $149.92.
SAP (NYSE:SAP – Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The software maker reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.56). The business had revenue of $8.01 billion for the quarter, compared to analysts' expectations of $7.68 billion. SAP had a net margin of 13.62% and a return on equity of 10.08%. On average, sell-side analysts anticipate that SAP SE will post 3.26 earnings per share for the current year.
SAP Profile
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SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.
Further Reading
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