Employees Retirement System of Texas Reduces Stock Position in SAP SE (NYSE:SAP)

Employees Retirement System of Texas reduced its holdings in shares of SAP SE (NYSE:SAP) by 44.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,516 shares of the software maker’s stock after selling 4,360 shares during the quarter. Employees Retirement System of Texas’ holdings in SAP were worth $1,113,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LRI Investments LLC purchased a new stake in shares of SAP during the 1st quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of SAP during the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC lifted its stake in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares in the last quarter. Crewe Advisors LLC lifted its stake in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of SAP during the 1st quarter valued at approximately $29,000.

SAP Price Performance

Shares of NYSE:SAP opened at $228.06 on Friday. The company’s fifty day moving average price is $214.28 and its 200-day moving average price is $199.40. The firm has a market capitalization of $280.17 billion, a price-to-earnings ratio of 49.47, a PEG ratio of 4.43 and a beta of 1.25. SAP SE has a one year low of $126.75 and a one year high of $231.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. On average, equities research analysts anticipate that SAP SE will post 4.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAP has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. JMP Securities upped their target price on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Barclays upped their target price on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Finally, TD Cowen upped their target price on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average target price of $232.00.

SAP 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.