Sage Mountain Advisors LLC Cuts Stake in SAP SE $SAP

Sage Mountain Advisors LLC trimmed its stake in SAP SE (NYSE:SAP) by 14.8% in the second quarter, Holdings Channel.com reports. The firm owned 1,744 shares of the software maker’s stock after selling 302 shares during the quarter. Sage Mountain Advisors LLC’s holdings in SAP were worth $530,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC raised its position in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after buying an additional 82 shares during the period. Creative Financial Designs Inc. ADV increased its stake in SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after acquiring an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of SAP in the 2nd quarter worth about $31,000. Princeton Global Asset Management LLC acquired a new position in shares of SAP in the 2nd quarter valued at about $38,000. Finally, Dagco Inc. purchased a new stake in shares of SAP during the 1st quarter worth about $45,000.

SAP Stock Performance

SAP stock opened at $269.11 on Friday. SAP SE has a 12-month low of $227.52 and a 12-month 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 has a market capitalization of $330.61 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 3.99 and a beta of 1.28. The firm’s fifty day moving average price is $269.42 and its 200 day moving average price is $283.50.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.87%. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the company posted $1.23 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on SAP shares. JMP Securities restated a “market outperform” rating and issued a $375.00 price target on shares of SAP in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. Barclays upped their price target on shares of SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a research report on Friday. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Finally, Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $284.33.

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.