Optas LLC Sells 71 Shares of SAP SE $SAP

Optas LLC decreased its position in shares of SAP SE (NYSE:SAP) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,238 shares of the software maker’s stock after selling 71 shares during the quarter. Optas LLC’s holdings in SAP were worth $985,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SAP shares. Piper Sandler started coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating for the company. Erste Group Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, SAP currently has a consensus rating of “Buy” and an average target price of $281.67.

SAP Trading Up 1.3%

Shares of SAP stock opened at $277.26 on Thursday. SAP SE has a 1 year low of $223.70 and a 1 year high of $313.28. The firm has a market cap of $340.61 billion, a PE ratio of 45.90, a PEG ratio of 3.94 and a beta of 1.28. 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 50 day simple moving average of $272.19 and a two-hundred day simple moving average of $282.39.

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, 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 period in the previous year, the business posted $1.10 earnings per share. SAP’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Company 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.