SAP SE $SAP Shares Sold by Davis Selected Advisers

Davis Selected Advisers decreased its position in SAP SE (NYSE:SAP) by 38.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,769 shares of the software maker’s stock after selling 29,357 shares during the period. Davis Selected Advisers’ holdings in SAP were worth $14,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SAP. Vermillion Wealth Management Inc. acquired a new stake in SAP in the 2nd quarter valued at about $31,000. Princeton Global Asset Management LLC acquired a new stake in shares of SAP in the second quarter valued at approximately $38,000. Motco increased its stake in shares of SAP by 400.0% during the 2nd quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Solstein Capital LLC acquired a new position in shares of SAP in the second quarter worth $40,000. Finally, Dagco Inc. acquired a new stake in SAP during the first quarter worth approximately $45,000.

SAP Price Performance

SAP opened at $251.96 on Friday. SAP SE has a 52-week low of $227.52 and a 52-week high of $313.28. The company has a 50 day moving average of $265.74 and a two-hundred day moving average of $283.24. The company has a market cap of $309.53 billion, a P/E ratio of 37.72, a P/E/G ratio of 3.83 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

SAP has been the topic of a number of recent analyst reports. Cowen reissued a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. KeyCorp reiterated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research note on Monday, October 27th. Finally, JMP Securities reissued a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $284.33.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.