Himension Capital Singapore PTE. LTD. Sells 512 Shares of SAP SE $SAP

Himension Capital Singapore PTE. LTD. lessened its holdings in SAP SE (NYSE:SAP) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,572 shares of the software maker’s stock after selling 512 shares during the period. Himension Capital Singapore PTE. LTD.’s holdings in SAP were worth $3,215,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of SAP by 45.6% during the 1st quarter. HB Wealth Management LLC now owns 8,863 shares of the software maker’s stock worth $2,379,000 after purchasing an additional 2,777 shares during the period. Picton Mahoney Asset Management boosted its holdings in shares of SAP by 8.9% in the 1st quarter. Picton Mahoney Asset Management now owns 34,649 shares of the software maker’s stock worth $9,300,000 after buying an additional 2,845 shares during the last quarter. Brucke Financial Inc. grew its position in SAP by 1.6% during the first quarter. Brucke Financial Inc. now owns 3,848 shares of the software maker’s stock valued at $1,124,000 after buying an additional 62 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in SAP by 484.8% during the first quarter. Arkadios Wealth Advisors now owns 8,012 shares of the software maker’s stock worth $2,151,000 after buying an additional 6,642 shares during the last quarter.

Analyst Ratings Changes

SAP has been the topic of a number of research analyst reports. Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Friday, October 31st. JMP Securities reissued a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research report on Thursday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research report on Monday, October 27th. Finally, Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. One equities research 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, the company presently has an average rating of “Buy” and a consensus price target of $284.33.

SAP Price Performance

SAP stock opened at $237.69 on Wednesday. The firm has a market capitalization of $292.00 billion, a P/E ratio of 35.58, a PEG ratio of 3.83 and a beta of 1.18. SAP SE has a one year low of $231.55 and a one year high of $313.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. The business has a fifty day moving average price of $262.03 and a 200-day moving average price of $279.91.

SAP (NYSE:SAP) last released its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The company had revenue of $10.65 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the company posted $1.23 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that SAP SE will post 6.55 EPS 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.