Lincluden Management Ltd. Trims Stake in SAP SE $SAP

Lincluden Management Ltd. reduced its holdings in shares of SAP SE (NYSE:SAP) by 1.2% in the second quarter, Holdings Channel reports. The institutional investor owned 5,106 shares of the software maker’s stock after selling 64 shares during the period. Lincluden Management Ltd.’s holdings in SAP were worth $1,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAP. Bartlett & CO. Wealth Management LLC increased its holdings in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock valued at $26,000 after buying an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of 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 period. Vermillion Wealth Management Inc. bought a new position in shares of SAP in the second quarter worth approximately $31,000. Highline Wealth Partners LLC boosted its position in shares of 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 period. Finally, Dagco Inc. bought a new position in shares of SAP in the first quarter worth approximately $45,000.

SAP Price Performance

Shares of NYSE:SAP opened at $265.62 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a fifty day moving average price of $271.63 and a 200 day moving average price of $282.39. SAP SE has a fifty-two week low of $225.67 and a fifty-two week high of $313.28. The firm has a market cap of $326.32 billion, a price-to-earnings ratio of 43.98, a P/E/G ratio of 3.94 and a beta of 1.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 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 business had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business earned $1.10 earnings per share. SAP’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SAP shares. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. JMP Securities upped their price target on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 23rd. Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. Finally, Piper Sandler started coverage on shares of SAP in a research report on Tuesday, June 17th. They set an “overweight” rating for the company. One equities 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. According to MarketBeat.com, SAP presently has an average rating of “Buy” and an average target price 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.