WCM Investment Management LLC Has $140.28 Million Holdings in SAP SE $SAP

WCM Investment Management LLC cut its position in shares of SAP SE (NYSE:SAP) by 25.6% in the first quarter, Holdings Channel reports. The firm owned 833,584 shares of the software maker’s stock after selling 286,149 shares during the period. WCM Investment Management LLC’s holdings in SAP were worth $140,284,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC grew its stake in shares of SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 58 shares in the last quarter. Bayban bought a new position in SAP during the fourth quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after acquiring an additional 129 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in SAP by 83.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock valued at $45,000 after acquiring an additional 67 shares during the last quarter. Finally, American National Bank & Trust grew its position in SAP by 641.7% in the fourth quarter. American National Bank & Trust now owns 178 shares of the software maker’s stock worth $43,000 after acquiring an additional 154 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SAP. The Goldman Sachs Group restated a “buy” rating and set a $265.00 price target on shares of SAP in a report on Wednesday, June 10th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen cut their target price on SAP from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Friday. Finally, Piper Sandler cut SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $271.17.

SAP Trading Up 0.0%

Shares of SAP stock opened at $159.09 on Monday. SAP SE has a 12 month low of $148.06 and a 12 month high of $309.73. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $166.86 and its two-hundred day moving average is $187.14. The company has a market cap of $195.44 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.14.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The company had revenue of $11.06 billion for the quarter. Equities analysts predict that SAP SE will post 8.3 EPS for the current year.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.