Y Intercept Hong Kong Ltd Trims Stock Holdings in SAP SE $SAP

Y Intercept Hong Kong Ltd lowered its stake in shares of SAP SE (NYSE:SAP) by 87.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,196 shares of the software maker’s stock after selling 15,045 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SAP were worth $587,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of SAP during the first quarter valued at approximately $242,000. AQR Capital Management LLC boosted its position in SAP by 49.0% during the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after acquiring an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in SAP in the 1st quarter worth approximately $2,681,000. Finally, Sivia Capital Partners LLC grew its stake in SAP by 2.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after acquiring an additional 69 shares during the period.

SAP Stock Performance

NYSE SAP opened at $197.23 on Wednesday. The firm has a market capitalization of $242.29 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.28 and a beta of 1.17. SAP SE has a 1-year low of $195.06 and a 1-year high of $313.28. 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 business’s 50-day simple moving average is $238.00 and its 200-day simple moving average is $258.15.

SAP (NYSE:SAP) last posted its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.73%. The firm had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. Equities analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SAP. Piper Sandler started coverage on SAP in a report on Tuesday. They set an “overweight” rating on the stock. Santander upgraded SAP to a “neutral” rating in a research report on Tuesday. Citizens Jmp cut SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Citigroup lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Friday. Finally, Barclays set a $283.00 target price on shares of SAP in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $305.75.

About SAP

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.