Meridiem Investment Management Ltd. Has $115,000 Stock Position in SAP SE (NYSE:SAP)

Meridiem Investment Management Ltd. lowered its position in shares of SAP SE (NYSE:SAP) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500 shares of the software maker’s stock after selling 50 shares during the quarter. Meridiem Investment Management Ltd.’s holdings in SAP were worth $115,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in SAP during the 1st quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of SAP in the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC boosted its holdings in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC boosted its holdings in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of SAP in the 1st quarter valued at approximately $29,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Cowen increased their price objective on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. JMP Securities raised their price target on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. BMO Capital Markets downgraded SAP from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays raised their price target on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $232.17.

SAP Price Performance

SAP stock traded up $1.60 during midday trading on Friday, reaching $230.44. The company’s stock had a trading volume of 654,181 shares, compared to its average volume of 782,140. SAP SE has a 52 week low of $130.08 and a 52 week high of $232.23. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $221.38 and a 200-day moving average price of $203.35. The stock has a market cap of $283.10 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last released its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts predict that SAP SE will post 4.78 EPS for the current year.

SAP Company 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.