Barometer Capital Management Inc. Has $513,000 Stock Position in SAP SE $SAP

Barometer Capital Management Inc. lowered its holdings in shares of SAP SE (NYSE:SAP) by 98.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,050 shares of the software maker’s stock after selling 181,050 shares during the period. Barometer Capital Management Inc.’s holdings in SAP were worth $513,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Sound Income Strategies LLC boosted its stake in shares of SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 58 shares during the period. Bayban bought a new stake in SAP in the 4th quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in SAP by 758.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after purchasing an additional 129 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in SAP by 83.8% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock valued at $45,000 after purchasing an additional 67 shares during the last quarter. Finally, American National Bank & Trust boosted its position in SAP by 641.7% during the fourth quarter. American National Bank & Trust now owns 178 shares of the software maker’s stock worth $43,000 after purchasing an additional 154 shares during the period.

SAP Stock Performance

Shares of NYSE SAP opened at $154.54 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $189.86 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.82 and a beta of 1.14. The stock’s fifty day moving average price is $166.38 and its two-hundred day moving average price is $185.91. SAP SE has a one year low of $148.06 and a one year high of $307.66.

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

Analysts Set New Price Targets

SAP has been the topic of several research analyst reports. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Finally, TD Cowen cut their price objective on shares of SAP from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, July 17th. One investment 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $270.83.

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.