Simon Quick Advisors LLC Reduces Holdings in SAP SE $SAP

Simon Quick Advisors LLC lowered its position in SAP SE (NYSE:SAP) by 77.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 855 shares of the software maker’s stock after selling 2,933 shares during the quarter. Simon Quick Advisors LLC’s holdings in SAP were worth $228,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares during the last quarter. State of Wyoming boosted its stake in shares of SAP by 11.6% during the 1st quarter. State of Wyoming now owns 384 shares of the software maker’s stock valued at $103,000 after buying an additional 40 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of SAP during the first quarter worth approximately $242,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of SAP in the first quarter worth $4,027,000. Finally, AQR Capital Management LLC increased its stake in shares of SAP by 49.0% in the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after buying an additional 5,363 shares during the last quarter.

SAP Stock Performance

Shares of NYSE SAP opened at $236.97 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $247.12 and its two-hundred day moving average price is $269.05. SAP SE has a 52-week low of $233.51 and a 52-week high of $313.28. The stock has a market capitalization of $291.06 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.91 and a beta of 1.18.

SAP (NYSE:SAP) last announced its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the firm earned $1.23 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SAP. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Monday, October 27th. JMP Securities reiterated a “market outperform” rating and issued a $375.00 price target on shares of SAP in a research note on Thursday, October 23rd. Barclays upped their price objective on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Citigroup reaffirmed a “buy” rating on shares of SAP in a report on Thursday, December 11th. Finally, Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average 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.