SAP SE (NYSE:SAP) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. cut its position in shares of SAP SE (NYSE:SAP) by 27.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 560 shares of the software maker’s stock after selling 209 shares during the period. Benjamin Edwards Inc.’s holdings in SAP were worth $113,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Capital International Investors increased its position in SAP by 8.1% during 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. Westfield Capital Management Co. LP acquired a new stake in shares of SAP in the first quarter worth $58,936,000. Principal Financial Group Inc. raised its stake in shares of SAP by 21.2% in the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after acquiring an additional 108,729 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of SAP during the 2nd quarter valued at $20,532,000. Finally, GQG Partners LLC acquired a new stake in SAP in the 1st quarter valued at $14,940,000.

SAP Trading Down 0.1 %

NYSE SAP opened at $228.81 on Friday. The company has a market capitalization of $269.90 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 4.34 and a beta of 1.25. 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 SE has a 12 month low of $126.75 and a 12 month high of $230.19. The company’s fifty day moving average price is $212.75 and its two-hundred day moving average price is $198.66.

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 business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts predict that SAP SE will post 4.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SAP shares. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets upped their price target on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. JMP Securities lifted their price objective 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. Barclays boosted their target price on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, TD Cowen raised 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.00.

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.