Sage Mountain Advisors LLC Cuts Position in SAP SE $SAP

Sage Mountain Advisors LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 14.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,744 shares of the software maker’s stock after selling 302 shares during the period. Sage Mountain Advisors LLC’s holdings in SAP were worth $530,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after buying an additional 1,255 shares during the period. GAMMA Investing LLC boosted its stake in shares of SAP by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,866 shares of the software maker’s stock worth $1,306,000 after acquiring an additional 698 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of SAP by 58.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 1,517 shares of the software maker’s stock worth $407,000 after acquiring an additional 562 shares during the period. International Assets Investment Management LLC purchased a new position in SAP in the 1st quarter valued at approximately $214,000. Finally, Bessemer Group Inc. raised its holdings in SAP by 8.3% during the first quarter. Bessemer Group Inc. now owns 15,128 shares of the software maker’s stock worth $4,061,000 after purchasing an additional 1,165 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SAP shares. KeyCorp restated an “overweight” rating on shares of SAP in a research report on Thursday. Jefferies Financial Group restated a “buy” rating on shares of SAP in a report on Tuesday, September 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $375.00 price target on shares of SAP in a report on Thursday. Barclays raised their price objective on shares of SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Argus reaffirmed a “buy” rating and issued a $320.00 target price on shares of SAP in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $284.33.

SAP Stock Performance

Shares of NYSE SAP opened at $269.11 on Friday. The company has a 50-day simple moving average of $269.42 and a 200-day simple moving average of $283.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $330.61 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 3.99 and a beta of 1.28. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.87%. SAP’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 earnings per share. On average, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

SAP 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.