SAP SE $SAP Shares Sold by Ethic Inc.

Ethic Inc. cut its stake in shares of SAP SE (NYSE:SAP) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,020 shares of the software maker’s stock after selling 2,465 shares during the quarter. Ethic Inc.’s holdings in SAP were worth $16,038,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its holdings in SAP by 9.0% in the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock valued at $4,305,242,000 after buying an additional 1,163,616 shares in the last quarter. Bank of America Corp DE increased its stake in SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after purchasing an additional 80,164 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SAP by 7.8% during the second quarter. JPMorgan Chase & Co. now owns 1,087,751 shares of the software maker’s stock worth $330,786,000 after purchasing an additional 78,306 shares in the last quarter. Finally, Sands Capital Management LLC grew its holdings in SAP by 29.8% in the second quarter. Sands Capital Management LLC now owns 289,386 shares of the software maker’s stock valued at $88,002,000 after purchasing an additional 66,354 shares during the last quarter.

SAP Stock Performance

NYSE:SAP opened at $246.35 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. The firm has a market cap of $302.64 billion, a PE ratio of 36.88, a P/E/G ratio of 3.54 and a beta of 1.19. The firm has a 50 day simple moving average of $250.51 and a 200-day simple moving average of $270.88. SAP SE has a 1-year low of $233.51 and a 1-year high of $313.28.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. The firm had revenue of $10.65 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. SAP’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 earnings per share. On average, equities analysts expect that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on SAP. Citigroup reiterated a “buy” rating on shares of SAP in a research report on Thursday, December 11th. Cowen reaffirmed a “buy” rating on shares of SAP in a report on Thursday, October 23rd. KeyCorp reissued an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. JMP Securities restated a “market outperform” rating and set a $375.00 price objective on shares of SAP in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $284.33.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.