SAP SE (NYSE:SAP) Shares Sold by Sivia Capital Partners LLC

Sivia Capital Partners LLC lessened its holdings in shares of SAP SE (NYSE:SAP) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,771 shares of the software maker’s stock after selling 175 shares during the period. Sivia Capital Partners LLC’s holdings in SAP were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wedmont Private Capital raised its stake in shares of SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares in the last quarter. Confluence Investment Management LLC raised its position in shares of SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after buying an additional 49 shares in the last quarter. PDS Planning Inc lifted its stake in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after acquiring an additional 51 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after acquiring an additional 52 shares in the last quarter. Finally, Drive Wealth Management LLC increased its stake in shares of SAP by 2.9% during the third quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker’s stock valued at $498,000 after acquiring an additional 61 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SAP shares. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. TD Cowen lifted their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays upped their price target on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $252.33.

SAP Trading Down 1.0 %

Shares of SAP stock traded down $2.59 during trading on Monday, hitting $248.94. The stock had a trading volume of 654,563 shares, compared to its average volume of 955,665. SAP SE has a 1 year low of $155.82 and a 1 year high of $256.13. The stock has a 50 day simple moving average of $243.45 and a 200 day simple moving average of $226.28. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $305.82 billion, a PE ratio of 99.58, a P/E/G ratio of 4.94 and a beta of 1.22.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. On average, research analysts expect that SAP SE will post 4.8 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.