SRN Advisors LLC Reduces Stake in SAP SE (NYSE:SAP)

SRN Advisors LLC lessened its position in shares of SAP SE (NYSE:SAP) by 39.0% in the second quarter, Holdings Channel reports. The fund owned 5,506 shares of the software maker’s stock after selling 3,520 shares during the quarter. SRN Advisors LLC’s holdings in SAP were worth $1,111,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Eagle Asset Management Inc. lifted its stake in shares of SAP by 6.4% in the 4th quarter. Eagle Asset Management Inc. now owns 5,877 shares of the software maker’s stock worth $909,000 after purchasing an additional 354 shares during the period. KBC Group NV boosted its stake in shares of SAP by 19.2% during the 4th quarter. KBC Group NV now owns 2,025 shares of the software maker’s stock worth $313,000 after acquiring an additional 326 shares during the last quarter. Lake Street Advisors Group LLC bought a new stake in shares of SAP during the 4th quarter valued at $1,061,000. Capital International Investors increased its stake in shares of SAP by 8.1% in the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after purchasing an additional 746,386 shares in the last quarter. Finally, Capital World Investors raised its holdings in SAP by 1.2% in the 4th quarter. Capital World Investors now owns 21,190 shares of the software maker’s stock worth $3,270,000 after purchasing an additional 250 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SAP. JMP Securities lifted their price objective on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. TD Cowen lifted their price target on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their target price on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Barclays increased their price target on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.17.

SAP Stock Down 1.4 %

Shares of SAP stock opened at $225.85 on Wednesday. The stock has a market cap of $277.46 billion, a P/E ratio of 48.99, a PEG ratio of 4.38 and a beta of 1.25. The company’s fifty day simple moving average is $216.30 and its two-hundred day simple moving average is $200.49. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP SE has a 52 week low of $127.30 and a 52 week high of $231.13.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Analysts predict that SAP SE will post 4.78 EPS 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.