Zions Bancorporation National Association UT Cuts Stake in SAP SE $SAP

Zions Bancorporation National Association UT decreased its stake in SAP SE (NYSE:SAP) by 98.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 116 shares of the software maker’s stock after selling 6,642 shares during the quarter. Zions Bancorporation National Association UT’s holdings in SAP were worth $31,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup lowered SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Monday, October 27th. Zacks Research upgraded shares of SAP from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Argus reissued a “buy” rating and issued a $320.00 target price on shares of SAP in a research report on Friday, October 24th. Finally, Citizens Jmp cut shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Up 0.4%

Shares of NYSE:SAP opened at $201.13 on Friday. The stock has a market capitalization of $247.09 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.17. SAP SE has a 1-year low of $189.22 and a 1-year high of $313.28. The company’s fifty day moving average is $228.46 and its two-hundred day moving average is $251.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.52%. The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business posted $1.40 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.