Capstone Capital Management Ltd decreased its position in shares of SAP SE (NYSE:SAP – Free Report) by 62.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,563 shares of the software maker’s stock after selling 9,215 shares during the quarter. Capstone Capital Management Ltd’s holdings in SAP were worth $1,160,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in SAP by 59.7% in the first quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker’s stock valued at $3,097,000 after purchasing an additional 6,763 shares in the last quarter. ABC Arbitrage SA acquired a new position in shares of SAP during the 1st quarter worth $2,306,000. Fort Washington Investment Advisors Inc. OH grew its position in SAP by 28.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 221,642 shares of the software maker’s stock valued at $46,208,000 after acquiring an additional 49,502 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of SAP by 12.0% in the second quarter. QRG Capital Management Inc. now owns 68,368 shares of the software maker’s stock worth $10,536,000 after acquiring an additional 7,315 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. boosted its stake in shares of SAP by 1,532.8% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after purchasing an additional 703,982 shares in the last quarter.
SAP Trading Up 1.2%
SAP opened at $228.85 on Wednesday. The company has a fifty day moving average price of $213.82 and a two-hundred day moving average price of $185.98. SAP SE has a 1-year low of $144.97 and a 1-year high of $281.36. The company has a market cap of $281.14 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.19.
SAP (NYSE:SAP – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.30 billion. SAP had a return on equity of 17.07% and a net margin of 20.88%. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. Analysts predict that SAP SE will post 8.08 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on SAP. Argus set a $265.00 price target on SAP in a research note on Thursday, September 10th. Weiss Ratings upgraded shares of SAP from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Barclays lifted their target price on SAP from $242.00 to $243.00 and gave the stock an “overweight” rating in a report on Tuesday, October 13th. UBS Group lowered shares of SAP from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Finally, BMO Capital Markets boosted their target price on shares of SAP from $177.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.71.
View Our Latest Research Report on SAP
SAP Profile
SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.
SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.
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