SAP SE $SAP Shares Sold by ABC Arbitrage SA

ABC Arbitrage SA decreased its position in shares of SAP SE (NYSE:SAP) by 94.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,195 shares of the software maker’s stock after selling 39,253 shares during the quarter. ABC Arbitrage SA’s holdings in SAP were worth $587,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SAP. CX Institutional increased its position in shares of SAP by 2.0% in the third quarter. CX Institutional now owns 1,961 shares of the software maker’s stock valued at $524,000 after buying an additional 38 shares in the last quarter. 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 acquiring an additional 40 shares during the last quarter. Certuity LLC increased its holdings in SAP by 2.4% during the 2nd quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock valued at $568,000 after acquiring an additional 43 shares in the last quarter. Thrivent Financial for Lutherans raised its position in SAP by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after acquiring an additional 43 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of SAP by 22.0% in the third quarter. Harbor Investment Advisory LLC now owns 244 shares of the software maker’s stock valued at $65,000 after purchasing an additional 44 shares in the last quarter.

SAP Stock Down 4.5%

SAP opened at $202.65 on Thursday. SAP SE has a 1 year low of $189.22 and a 1 year high of $313.28. The firm has a 50 day moving average price of $233.52 and a 200 day moving average price of $254.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17. The company has a market cap of $248.95 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.36 and a beta of 1.17.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.52%. The company had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. SAP’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SAP shares. JMP Securities reissued a “market outperform” rating and set a $375.00 price objective on shares of SAP in a research note on Thursday, October 23rd. Argus reissued a “buy” rating and set a $320.00 price target on shares of SAP in a research report on Friday, October 24th. BMO Capital Markets restated an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Zacks Research raised SAP from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SAP presently has an average 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.