Capital International Investors Sells 47,904 Shares of SAP SE $SAP

Capital International Investors reduced its stake in shares of SAP SE (NYSE:SAP) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,010,185 shares of the software maker’s stock after selling 47,904 shares during the quarter. Capital International Investors’ holdings in SAP were worth $1,066,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First PREMIER Bank bought a new position in SAP in the 3rd quarter worth approximately $25,000. Retirement Wealth Solutions LLC boosted its position in SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after buying an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of SAP in the 3rd quarter valued at $27,000. Copia Wealth Management bought a new stake in shares of SAP during the third quarter worth $28,000. Finally, Guerra Advisors Inc acquired a new position in shares of SAP during the third quarter valued at $31,000.

SAP Trading Down 1.0%

NYSE:SAP opened at $200.26 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. SAP SE has a 1-year low of $187.93 and a 1-year high of $313.28. The firm has a market capitalization of $246.02 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.25 and a beta of 1.18. The business’s 50-day moving average price is $217.54 and its two-hundred day moving average price is $243.98.

SAP (NYSE:SAP) last posted its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.13. The company had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. SAP had a return on equity of 16.54% and a net margin of 19.92%.The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. On average, equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on SAP shares. HSBC upgraded SAP to a “hold” rating in a research report on Tuesday, January 20th. Arete Research upgraded shares of SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research cut shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Piper Sandler began coverage on shares of SAP in a research note on Tuesday, February 3rd. They set an “overweight” rating for the company. Finally, Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP 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.