Capital Investment Advisory Services LLC increased its stake in shares of SAP SE (NYSE:SAP – Get Rating) by 17.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,243 shares of the software maker's stock after buying an additional 337 shares during the quarter. Capital Investment Advisory Services LLC's holdings in SAP were worth $203,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in SAP by 650.0% during the second quarter. Geneos Wealth Management Inc. now owns 300 shares of the software maker's stock worth $27,000 after buying an additional 260 shares in the last quarter. Allworth Financial LP lifted its position in SAP by 108.0% during the second quarter. Allworth Financial LP now owns 312 shares of the software maker's stock worth $28,000 after buying an additional 162 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in SAP during the fourth quarter worth approximately $44,000. Montag A & Associates Inc. acquired a new stake in SAP during the first quarter worth $45,000. Finally, Koshinski Asset Management Inc. acquired a new stake in SAP during the first quarter worth $48,000. Hedge funds and other institutional investors own 5.20% of the company's stock.
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Analyst Upgrades and Downgrades
SAP has been the subject of several recent analyst reports. BNP Paribas cut SAP from an "outperform" rating to a "neutral" rating and set a $105.00 target price for the company. in a research note on Thursday, June 30th. Barclays cut their target price on SAP from $108.00 to $106.00 and set an "equal weight" rating for the company in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft cut their target price on SAP from €120.00 ($122.45) to €115.00 ($117.35) in a research note on Friday, July 22nd. Exane BNP Paribas cut SAP from an "outperform" rating to a "neutral" rating and set a $105.00 target price for the company. in a research note on Thursday, June 30th. Finally, BMO Capital Markets dropped their price objective on SAP from $112.00 to $105.00 and set a "market perform" rating for the company in a research note on Tuesday, July 12th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, SAP presently has an average rating of "Hold" and an average price target of $106.00.
SAP Trading Down 1.0 %
SAP opened at $87.18 on Thursday. SAP SE has a 12 month low of $78.22 and a 12 month high of $149.92. The stock has a market capitalization of $102.84 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.96 and a quick ratio of 0.96. The business has a fifty day moving average price of $87.58 and a 200 day moving average price of $95.00.
SAP (NYSE:SAP – Get Rating) last released its earnings results on Thursday, July 21st. The software maker reported $0.17 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.56). The company had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.68 billion. SAP had a return on equity of 10.08% and a net margin of 13.62%. Sell-side analysts expect that SAP SE will post 3.26 earnings per share for the current fiscal 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.
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