SAP SE $SAP Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management reduced its stake in SAP SE (NYSE:SAP) by 62.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,898 shares of the software maker’s stock after selling 3,144 shares during the period. Financial Advocates Investment Management’s holdings in SAP were worth $577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SAP. Vermillion Wealth Management Inc. acquired a new stake in shares of SAP in the second quarter valued at about $31,000. Motco grew its position in SAP by 400.0% in the second quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of SAP during the second quarter valued at approximately $38,000. Solstein Capital LLC acquired a new position in shares of SAP during the second quarter worth $40,000. Finally, Dagco Inc. purchased a new position in shares of SAP in the first quarter valued at $45,000.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent analyst reports. KeyCorp reissued an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. BMO Capital Markets decreased their target price on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. JMP Securities reiterated a “market outperform” rating and issued a $375.00 price target on shares of SAP in a research report on Thursday, October 23rd. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $284.33.

SAP Stock Performance

Shares of SAP opened at $240.19 on Thursday. The company has a market capitalization of $295.08 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. SAP SE has a one year low of $231.55 and a one year high of $313.28. The company’s fifty day moving average price is $261.61 and its 200 day moving average price is $279.63.

SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The company had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the business posted $1.23 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts expect that SAP SE will post 6.55 earnings per share for the current year.

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.