SAP SE $SAP Position Reduced by WCM Investment Management LLC

WCM Investment Management LLC reduced its position in SAP SE (NYSE:SAP) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,221,588 shares of the software maker’s stock after selling 3,190 shares during the quarter. WCM Investment Management LLC’s holdings in SAP were worth $322,279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in SAP by 9.0% during the 2nd quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock valued at $4,305,242,000 after purchasing an additional 1,163,616 shares during the period. Bank of America Corp DE grew its holdings in shares of SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after buying an additional 973,779 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of SAP by 9,269.8% during the third quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock valued at $112,542,000 after buying an additional 416,678 shares in the last quarter. Trivest Advisors Ltd purchased a new stake in SAP in the 2nd quarter worth about $52,305,000. Finally, Jennison Associates LLC boosted its position in SAP by 195.0% during the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after acquiring an additional 146,325 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SAP. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SAP in a report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of SAP in a research report on Wednesday, January 28th. Citigroup lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday. Wall Street Zen raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Morgan Stanley reissued an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Stock Performance

Shares of SAP opened at $207.24 on Tuesday. The firm has a market cap of $254.59 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 2.24 and a beta of 1.18. The company’s fifty day moving average is $238.81 and its 200-day moving average is $258.91. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. SAP SE has a 12 month low of $195.12 and a 12 month high of $313.28.

SAP Company Profile

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.