SAP SE $SAP Stake Reduced by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC cut its holdings in SAP SE (NYSE:SAP) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,705 shares of the software maker’s stock after selling 39 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in SAP were worth $1,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Contravisory Investment Management Inc. increased its holdings in shares of SAP by 3.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock valued at $338,000 after purchasing an additional 34 shares during the period. Independent Advisor Alliance increased its holdings in shares of SAP by 0.4% in the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker’s stock valued at $2,673,000 after purchasing an additional 35 shares during the period. Cordatus Wealth Management LLC increased its holdings in shares of SAP by 1.1% in the 1st quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker’s stock valued at $889,000 after purchasing an additional 37 shares during the period. Sage Rhino Capital LLC increased its holdings in shares of SAP by 1.1% in the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock valued at $1,045,000 after purchasing an additional 37 shares during the period. Finally, LCM Capital Management Inc grew its stake in shares of SAP by 1.9% in the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker’s stock valued at $557,000 after buying an additional 39 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the subject of several recent research reports. Erste Group Bank cut SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $281.67.

SAP Stock Up 0.3%

Shares of SAP stock opened at $271.42 on Thursday. The stock has a market capitalization of $333.44 billion, a P/E ratio of 44.94, a PEG ratio of 4.03 and a beta of 1.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $270.64 and a two-hundred day moving average price of $282.35. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28.

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

About SAP

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.