SAP SE $SAP Shares Sold by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC trimmed its holdings in shares of SAP SE (NYSE:SAP) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,705 shares of the software maker’s stock after selling 39 shares during the period. Sagespring Wealth Partners LLC’s holdings in SAP were worth $1,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Brighton Jones LLC raised its stake in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares during the period. GAMMA Investing LLC raised its stake in shares of SAP by 16.7% during the first quarter. GAMMA Investing LLC now owns 4,866 shares of the software maker’s stock valued at $1,306,000 after purchasing an additional 698 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of SAP by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,139 shares of the software maker’s stock valued at $7,554,000 after purchasing an additional 576 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in shares of SAP during the first quarter valued at approximately $603,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of SAP during the first quarter valued at approximately $738,000.

SAP Stock Performance

SAP stock opened at $271.42 on Thursday. The company has a market capitalization of $333.44 billion, a P/E ratio of 44.94, a PEG ratio of 4.03 and a beta of 1.28. The company has a 50-day simple moving average of $270.64 and a 200 day simple moving average of $282.35. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the business earned $1.10 earnings per share. SAP’s revenue for the quarter was up 8.9% compared to the same quarter last year. Sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays reiterated an “overweight” rating and set a $322.00 price objective (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. Erste Group Bank lowered 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 note on Wednesday, September 24th. Finally, JMP Securities boosted their price target on shares of SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd. One research 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. Based on data from MarketBeat.com, SAP has an average rating of “Buy” and a consensus target price of $281.67.

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.