SAP SE $SAP Stock Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP reduced its position in shares of SAP SE (NYSE:SAP) by 45.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,096 shares of the software maker’s stock after selling 159,675 shares during the period. Sustainable Growth Advisers LP’s holdings in SAP were worth $40,048,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in shares of SAP by 59.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker’s stock worth $3,097,000 after acquiring an additional 6,763 shares during the period. ABC Arbitrage SA purchased a new position in SAP in the 1st quarter valued at approximately $2,306,000. Fort Washington Investment Advisors Inc. OH raised its holdings in SAP by 28.8% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 221,642 shares of the software maker’s stock worth $46,208,000 after purchasing an additional 49,502 shares during the last quarter. QRG Capital Management Inc. raised its holdings in SAP by 12.0% during the second quarter. QRG Capital Management Inc. now owns 68,368 shares of the software maker’s stock worth $10,536,000 after purchasing an additional 7,315 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. raised its holdings in SAP by 1,532.8% during the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after purchasing an additional 703,982 shares during the last quarter.

SAP Stock Up 2.0%

SAP stock opened at $224.99 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50 day simple moving average is $212.73 and its 200-day simple moving average is $184.79. SAP SE has a 12 month low of $144.97 and a 12 month high of $281.36. The firm has a market capitalization of $276.40 billion, a PE ratio of 28.97, a P/E/G ratio of 2.61 and a beta of 1.13.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a return on equity of 17.07% and a net margin of 20.88%. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.30 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts expect that SAP SE will post 8.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of a number of research analyst reports. Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a research report on Wednesday, August 12th. BMO Capital Markets raised their price target on SAP from $177.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday. Oppenheimer reaffirmed a “market perform” rating on shares of SAP in a research note on Friday, July 24th. Finally, Barclays boosted their price objective on shares of SAP from $242.00 to $243.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $264.71.

SAP Company Profile

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP develops technology that helps organizations manage finance, procurement, supply chains, human resources, customer relationships and other core business operations.

The company’s principal offerings include SAP S/4HANA Cloud enterprise resource planning software, the SAP Business Technology Platform, and cloud applications such as SAP SuccessFactors for human capital management, SAP Ariba for procurement, SAP Concur for travel and expense management, and SAP Customer Experience solutions.