Dorsey & Whitney Trust CO LLC Decreases Stake in SAP SE $SAP

Dorsey & Whitney Trust CO LLC cut its position in SAP SE (NYSE:SAP) by 3.6% during the second quarter, HoldingsChannel reports. The firm owned 8,925 shares of the software maker’s stock after selling 330 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in SAP were worth $2,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new position in shares of SAP during the second quarter worth $31,000. Princeton Global Asset Management LLC acquired a new position in shares of SAP during the 2nd quarter worth about $38,000. Motco increased its holdings in shares of SAP by 400.0% in the 2nd quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Solstein Capital LLC acquired a new stake in shares of SAP during the 2nd quarter worth about $40,000. Finally, Dagco Inc. purchased a new stake in SAP during the first quarter worth approximately $45,000.

SAP Trading Down 2.5%

NYSE SAP opened at $238.82 on Tuesday. The firm’s fifty day moving average is $264.64 and its two-hundred day moving average is $282.48. SAP SE has a one year low of $229.26 and a one year high of $313.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.11. The firm has a market cap of $293.40 billion, a PE ratio of 35.75, a P/E/G ratio of 3.83 and a beta of 1.18.

SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 EPS. Analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on SAP shares. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Monday, October 27th. Barclays boosted their price target on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Friday, October 31st. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, BMO Capital Markets decreased their target price on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $284.33.

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.