Stonegate Investment Group LLC Lowers Position in SAP SE (NYSE:SAP)

Stonegate Investment Group LLC decreased its holdings in shares of SAP SE (NYSE:SAP) by 9.8% in the 3rd quarter, Holdings Channel reports. The firm owned 1,948 shares of the software maker’s stock after selling 211 shares during the period. Stonegate Investment Group LLC’s holdings in SAP were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Westfield Capital Management Co. LP bought a new stake in shares of SAP during the 1st quarter worth $58,936,000. Principal Financial Group Inc. raised its position in SAP by 21.2% during the first 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 bought a new stake in SAP during the second quarter worth about $21,479,000. Hantz Financial Services Inc. purchased a new position in shares of SAP in the 2nd quarter worth about $20,532,000. Finally, GQG Partners LLC bought a new position in shares of SAP during the 1st quarter valued at about $14,940,000.

SAP Trading Up 0.7 %

NYSE:SAP opened at $230.46 on Friday. The firm has a market capitalization of $283.12 billion, a P/E ratio of 49.99, a P/E/G ratio of 4.46 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $221.38 and a 200 day moving average of $203.35. SAP SE has a 52 week low of $130.08 and a 52 week high of $232.23.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The firm 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 company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, research analysts predict that SAP SE will post 4.78 earnings per share for the current year.

Analysts Set New Price Targets

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

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.