Cambiar Investors LLC Cuts Position in SAP SE (NYSE:SAP)

Cambiar Investors LLC trimmed its holdings in shares of SAP SE (NYSE:SAP) by 26.7% in the third quarter, HoldingsChannel.com reports. The fund owned 73,912 shares of the software maker’s stock after selling 26,954 shares during the period. Cambiar Investors LLC’s holdings in SAP were worth $16,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. LRI Investments LLC purchased a new stake in shares of SAP during the 1st quarter valued at $25,000. Godsey & Gibb Inc. purchased a new stake in SAP during the third quarter worth about $25,000. POM Investment Strategies LLC raised its position in SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares during the period. Crewe Advisors LLC boosted its stake in SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of SAP by 254.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock valued at $33,000 after acquiring an additional 122 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BMO Capital Markets lifted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Barclays boosted their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities lifted their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Finally, TD Cowen upped their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, SAP presently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Stock Performance

Shares of SAP opened at $233.11 on Friday. SAP SE has a 52-week low of $137.77 and a 52-week high of $243.01. The stock’s 50-day simple moving average is $225.51 and its 200 day simple moving average is $206.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $286.38 billion, a price-to-earnings ratio of 93.24, a price-to-earnings-growth ratio of 4.55 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the firm posted $1.20 EPS. SAP’s revenue was up 9.4% on a year-over-year basis. Research analysts forecast that SAP SE will post 4.9 EPS for the current fiscal year.

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.