Blue Trust Inc. Sells 286 Shares of SAP SE $SAP

Blue Trust Inc. reduced its stake in shares of SAP SE (NYSE:SAP) by 7.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,616 shares of the software maker’s stock after selling 286 shares during the period. Blue Trust Inc.’s holdings in SAP were worth $1,100,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after acquiring an additional 82 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in SAP in the second quarter worth $31,000. Creative Financial Designs Inc. ADV lifted its stake in SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Highline Wealth Partners LLC lifted its stake in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after purchasing an additional 77 shares during the last quarter. Finally, Dagco Inc. bought a new stake in SAP in the first quarter worth $45,000.

SAP Price Performance

Shares of NYSE SAP opened at $265.62 on Friday. SAP SE has a 1 year low of $225.67 and a 1 year high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50-day moving average is $271.63 and its 200 day moving average is $282.39. The stock has a market capitalization of $326.32 billion, a P/E ratio of 43.98, a P/E/G ratio of 3.94 and a beta of 1.28.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. SAP’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Piper Sandler assumed coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating for the company. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SAP in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, SAP has a consensus rating of “Buy” and a consensus price target of $281.67.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.