Louisbourg Investments Inc. Trims Holdings in SAP SE (NYSE:SAP)

Louisbourg Investments Inc. decreased its holdings in SAP SE (NYSE:SAP) by 20.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,080 shares of the software maker’s stock after selling 800 shares during the period. Louisbourg Investments Inc.’s holdings in SAP were worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brookstone Capital Management purchased a new position in shares of SAP during the third quarter valued at $223,000. CWM LLC increased its stake in shares of SAP by 5.3% during the third quarter. CWM LLC now owns 3,018 shares of the software maker’s stock valued at $691,000 after buying an additional 151 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of SAP during the third quarter valued at $213,000. Grove Bank & Trust increased its stake in shares of SAP by 30.0% during the third quarter. Grove Bank & Trust now owns 659 shares of the software maker’s stock valued at $151,000 after buying an additional 152 shares during the period. Finally, Creative Planning increased its stake in shares of SAP by 18.0% during the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after buying an additional 14,546 shares during the period.

SAP Price Performance

Shares of NYSE SAP opened at $289.13 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market cap of $355.20 billion, a PE ratio of 100.74, a P/E/G ratio of 4.63 and a beta of 1.23. The business has a 50-day simple moving average of $260.01 and a two-hundred day simple moving average of $236.97. SAP SE has a fifty-two week low of $173.09 and a fifty-two week high of $289.53.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SAP. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Finally, Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP has an average rating of “Buy” and a consensus price target of $248.83.

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.