Freedom Investment Management Inc. Sells 178 Shares of SAP SE $SAP

Freedom Investment Management Inc. trimmed its stake in SAP SE (NYSE:SAP) by 12.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,221 shares of the software maker’s stock after selling 178 shares during the period. Freedom Investment Management Inc.’s holdings in SAP were worth $371,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. TD Asset Management Inc grew its position in SAP by 3.8% in the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker’s stock valued at $446,364,000 after acquiring an additional 60,261 shares during the period. Northern Trust Corp grew its holdings in shares of SAP by 2.8% during the first quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker’s stock worth $406,076,000 after purchasing an additional 40,926 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after purchasing an additional 80,164 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of SAP by 5.5% during the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock worth $329,395,000 after purchasing an additional 63,538 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of SAP by 2.6% during the first quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock worth $98,483,000 after purchasing an additional 9,411 shares during the last quarter.

SAP Trading Down 3.4%

Shares of SAP opened at $269.11 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28. The firm has a market capitalization of $330.61 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 3.97 and a beta of 1.28. The stock’s fifty day simple moving average is $269.42 and its 200-day simple moving average is $283.67.

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

Analyst Ratings Changes

Several analysts have recently commented on SAP shares. Weiss Ratings restated a “buy (b)” rating on shares of SAP in a report on Wednesday, October 8th. Erste Group Bank cut SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Barclays increased their target price on SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley restated an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Finally, Cowen restated a “buy” rating on shares of SAP in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus price target of $284.33.

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.