SAP SE (NYSE:SAP) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lessened its stake in shares of SAP SE (NYSE:SAP) by 16.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,883 shares of the software maker’s stock after selling 371 shares during the period. Quotient Wealth Partners LLC’s holdings in SAP were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Westfield Capital Management Co. LP acquired a new position in shares of SAP during the first quarter valued at approximately $58,936,000. Principal Financial Group Inc. lifted its holdings in SAP by 21.2% in the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after purchasing an additional 108,729 shares in the last quarter. Marshall Wace LLP acquired a new stake in SAP during the 2nd quarter worth $21,479,000. Hantz Financial Services Inc. purchased a new stake in shares of SAP during the second quarter worth $20,532,000. Finally, GQG Partners LLC acquired a new stake in shares of SAP in the first quarter valued at about $14,940,000.

SAP Trading Down 1.8 %

Shares of SAP stock opened at $224.78 on Friday. The stock has a market capitalization of $276.14 billion, a P/E ratio of 96.89, a price-to-earnings-growth ratio of 4.40 and a beta of 1.25. SAP SE has a fifty-two week low of $127.30 and a fifty-two week high of $231.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day moving average price of $217.87 and a 200 day moving average price of $201.77.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Equities research analysts predict that SAP SE will post 4.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAP. JMP Securities boosted their price target on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. TD Cowen upped their price target on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Barclays lifted their price objective on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price target on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $232.17.

About SAP

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.