MMA Asset Management LLC Sells 1,260 Shares of SAP SE $SAP

MMA Asset Management LLC lowered its position in SAP SE (NYSE:SAP) by 42.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,700 shares of the software maker’s stock after selling 1,260 shares during the period. MMA Asset Management LLC’s holdings in SAP were worth $517,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. acquired a new position in shares of SAP during the 2nd quarter worth $31,000. Motco boosted its holdings in SAP by 400.0% in the second quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in SAP during the second quarter worth $38,000. Solstein Capital LLC bought a new position in SAP during the second quarter valued at about $40,000. Finally, Dagco Inc. acquired a new stake in shares of SAP in the first quarter worth about $45,000.

SAP Stock Up 0.4%

Shares of SAP stock opened at $260.14 on Monday. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm has a market cap of $319.59 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 3.83 and a beta of 1.28. The stock has a 50 day moving average of $268.59 and a 200-day moving average of $283.98.

SAP (NYSE:SAP) last announced its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the company posted $1.23 earnings per share. SAP’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SAP. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $375.00 target price on shares of SAP in a research report on Thursday, October 23rd. KeyCorp reissued an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. BMO Capital Markets reduced their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Finally, Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $284.33.

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.