SAP SE $SAP Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of SAP SE (NYSE:SAP) by 10.8% during the second quarter, Holdings Channel reports. The fund owned 2,190 shares of the software maker’s stock after selling 266 shares during the quarter. Stephens Inc. AR’s holdings in SAP were worth $666,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Tuesday, September 16th. Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $284.33.

SAP Stock Performance

Shares of SAP stock opened at $269.11 on Friday. SAP SE has a 52 week low of $227.52 and a 52 week high of $313.28. The company has a market cap of $330.61 billion, a PE ratio of 40.29, a P/E/G ratio of 4.12 and a beta of 1.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $269.42 and its 200-day simple moving average is $283.19.

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