Lincluden Management Ltd. Sells 64 Shares of SAP SE $SAP

Lincluden Management Ltd. lowered its holdings in shares of SAP SE (NYSE:SAP) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,106 shares of the software maker’s stock after selling 64 shares during the period. Lincluden Management Ltd.’s holdings in SAP were worth $1,553,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC boosted its stake in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in SAP during the second quarter worth about $31,000. Highline Wealth Partners LLC boosted its stake in SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Dagco Inc. purchased a new position in SAP in the first quarter worth about $45,000.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Tuesday, September 16th. Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. JMP Securities lifted their target price on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 23rd. Barclays reaffirmed an “overweight” rating and issued a $322.00 target price (up from $308.00) on shares of SAP in a report on Friday, July 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $281.67.

SAP Stock Down 3.7%

SAP opened at $265.62 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $271.63 and a 200-day moving average price of $282.39. SAP SE has a twelve month low of $225.67 and a twelve month high of $313.28. The stock has a market capitalization of $326.32 billion, a price-to-earnings ratio of 43.98, a PEG ratio of 3.94 and a beta of 1.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share 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 firm had revenue of $10.58 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that SAP SE will post 6.55 earnings per share 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.