New York State Common Retirement Fund trimmed its stake in SAP SE (NYSE:SAP) by 71.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,500 shares of the software maker’s stock after selling 20,820 shares during the period. New York State Common Retirement Fund’s holdings in SAP were worth $932,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Strategic Global Advisors LLC lifted its stake in shares of SAP by 0.3% during the 2nd quarter. Strategic Global Advisors LLC now owns 3,468 shares of the software maker’s stock worth $363,000 after acquiring an additional 12 shares during the last quarter. Eaton Vance Management lifted its stake in shares of SAP by 1.1% during the 2nd quarter. Eaton Vance Management now owns 2,176 shares of the software maker’s stock worth $228,000 after acquiring an additional 23 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of SAP by 2.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,604 shares of the software maker’s stock worth $372,000 after acquiring an additional 79 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of SAP by 1.8% during the 2nd quarter. Raymond James Trust N.A. now owns 9,341 shares of the software maker’s stock worth $978,000 after acquiring an additional 163 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of SAP by 4.3% during the 2nd quarter. Private Advisor Group LLC now owns 4,361 shares of the software maker’s stock worth $455,000 after acquiring an additional 179 shares during the last quarter. 3.66% of the stock is owned by institutional investors and hedge funds.
SAP has been the subject of a number of research analyst reports. Argus raised their price target on SAP from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Oppenheimer reissued a “buy” rating and set a $120.00 price target on shares of SAP in a research note on Tuesday, November 14th. BMO Capital Markets initiated coverage on SAP in a research note on Friday, October 20th. They set a “market perform” rating and a $115.00 price target for the company. They noted that the move was a valuation call. Finally, Stifel Nicolaus reissued a “sell” rating and set a $75.00 price target on shares of SAP in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $101.92.
SAP SE (SAP) opened at $115.05 on Friday. The company has a market capitalization of $141,480.00, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 3.02 and a beta of 1.14. SAP SE has a fifty-two week low of $86.33 and a fifty-two week high of $116.90. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.
SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.68 billion. SAP had a return on equity of 15.43% and a net margin of 15.80%. The firm’s revenue was up 4.0% compared to the same quarter last year. equities analysts predict that SAP SE will post 4.13 earnings per share for the current fiscal year.
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SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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