SAP SE (NYSE:SAP) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC reduced its stake in SAP SE (NYSE:SAP) by 47.8% in the second quarter, HoldingsChannel.com reports. The fund owned 3,489 shares of the software maker’s stock after selling 3,191 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in SAP were worth $704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SAP. Northwest Investment Counselors LLC bought a new stake in shares of SAP in the 1st quarter worth approximately $25,000. LRI Investments LLC bought a new stake in SAP in the first quarter valued at $25,000. POM Investment Strategies LLC boosted its holdings in shares of SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares during the period. Crewe Advisors LLC grew its position in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of SAP in the 1st quarter worth about $29,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SAP shares. JMP Securities boosted their target price on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. Sanford C. Bernstein assumed coverage on SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price objective for the company. Barclays lifted their target price on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. TD Cowen increased their price target on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets raised their price target on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $232.00.

SAP Stock Down 0.1 %

Shares of SAP stock opened at $221.89 on Thursday. SAP SE has a 1 year low of $126.75 and a 1 year high of $224.05. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The business’s fifty day moving average is $211.73 and its 200-day moving average is $198.11.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same period in the previous year, the business earned $0.71 earnings per share. SAP’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts forecast that SAP SE will post 4.83 EPS for the current fiscal year.

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.