Choreo LLC Sells 5,616 Shares of SAP SE $SAP

Choreo LLC lessened its holdings in SAP SE (NYSE:SAP) by 24.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,673 shares of the software maker’s stock after selling 5,616 shares during the quarter. Choreo LLC’s holdings in SAP were worth $4,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. CX Institutional grew its stake in SAP by 2.0% in the 3rd quarter. CX Institutional now owns 1,961 shares of the software maker’s stock valued at $524,000 after purchasing an additional 38 shares during the period. Kathmere Capital Management LLC grew its stake in SAP by 1.0% in the 3rd quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker’s stock valued at $1,074,000 after purchasing an additional 40 shares during the period. Binnacle Investments Inc grew its stake in SAP by 14.2% in the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock valued at $90,000 after purchasing an additional 42 shares during the period. Spire Wealth Management grew its stake in SAP by 6.2% in the 4th quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock valued at $180,000 after purchasing an additional 43 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in SAP by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock valued at $1,355,000 after purchasing an additional 43 shares during the period.

SAP Stock Up 0.0%

SAP stock opened at $163.12 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $200.39 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.84 and a beta of 1.24. SAP SE has a fifty-two week low of $160.66 and a fifty-two week high of $313.28. The stock has a fifty day moving average of $189.54 and a 200-day moving average of $228.70.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.13. The company had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 EPS. As a group, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Piper Sandler assumed coverage on SAP in a research note on Tuesday, February 3rd. They issued an “overweight” rating for the company. TD Cowen restated a “buy” rating on shares of SAP in a research note on Wednesday, March 18th. BMO Capital Markets reiterated an “outperform” rating on shares of SAP in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SAP in a research note on Friday, January 30th. Finally, HSBC upgraded SAP to a “hold” rating in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

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.