WESPAC Advisors SoCal LLC Reduces Stock Position in SAP SE (NYSE:SAP)

WESPAC Advisors SoCal LLC reduced its position in shares of SAP SE (NYSE:SAP) by 5.1% in the third quarter, HoldingsChannel.com reports. The firm owned 2,040 shares of the software maker’s stock after selling 110 shares during the period. WESPAC Advisors SoCal LLC’s holdings in SAP were worth $240,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SAP. Jennison Associates LLC boosted its holdings in shares of SAP by 524.2% during the second quarter. Jennison Associates LLC now owns 3,041,540 shares of the software maker’s stock worth $416,083,000 after purchasing an additional 2,554,263 shares during the period. UBS Group AG lifted its holdings in SAP by 181.8% in the second quarter. UBS Group AG now owns 1,653,111 shares of the software maker’s stock worth $226,146,000 after buying an additional 1,066,406 shares during the period. Holocene Advisors LP purchased a new stake in SAP in the second quarter worth about $76,517,000. Fisher Asset Management LLC lifted its holdings in SAP by 3.6% in the second quarter. Fisher Asset Management LLC now owns 7,412,071 shares of the software maker’s stock worth $1,013,971,000 after buying an additional 256,923 shares during the period. Finally, FMR LLC lifted its holdings in SAP by 6.8% in the first quarter. FMR LLC now owns 3,755,933 shares of the software maker’s stock worth $433,659,000 after buying an additional 240,014 shares during the period. Institutional investors own 5.03% of the company’s stock.

Several brokerages have commented on SAP. BMO Capital Markets set a $140.00 price objective on shares of SAP and gave the stock a “hold” rating in a report on Friday, July 19th. Jefferies Financial Group began coverage on shares of SAP in a report on Monday, July 22nd. They issued a “buy” rating for the company. Barclays lowered their price objective on shares of SAP from $143.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, July 19th. ValuEngine lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, DZ Bank restated a “buy” rating on shares of SAP in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. SAP currently has a consensus rating of “Hold” and an average target price of $125.63.

Shares of SAP stock traded up $0.16 during trading hours on Thursday, hitting $128.88. 634,866 shares of the company’s stock traded hands, compared to its average volume of 945,135. The stock’s fifty day simple moving average is $119.43 and its two-hundred day simple moving average is $123.67. SAP SE has a 12-month low of $94.81 and a 12-month high of $140.62. The stock has a market cap of $154.69 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.71 and a beta of 1.08. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

SAP (NYSE:SAP) last released its earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. SAP had a net margin of 11.95% and a return on equity of 15.39%. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the business earned $0.98 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts forecast that SAP SE will post 4.41 earnings per share for the current fiscal year.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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