Raymond James & Associates Lowers Stock Holdings in SAP SE (NYSE:SAP)

Raymond James & Associates decreased its holdings in shares of SAP SE (NYSE:SAP) by 10.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 565,930 shares of the software maker’s stock after selling 66,031 shares during the quarter. Raymond James & Associates’ holdings in SAP were worth $129,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAP. Cetera Advisors LLC increased its stake in shares of SAP by 113.3% during the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after acquiring an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets raised its stake in SAP by 21.1% during the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after purchasing an additional 4,596 shares during the period. Wealthspire Advisors LLC acquired a new position in shares of SAP in the 1st quarter valued at $237,000. CWM LLC grew its stake in shares of SAP by 9.1% during the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after buying an additional 240 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of SAP by 4.2% during the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after buying an additional 6,785 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays boosted their target price on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. TD Cowen increased their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities increased 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. Finally, BMO Capital Markets lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus target price of $232.17.

SAP Stock Up 0.7 %

SAP stock opened at $230.44 on Friday. The company’s 50-day moving average price is $221.38 and its two-hundred day moving average price is $203.42. The stock has a market cap of $283.10 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 4.46 and a beta of 1.25. 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.

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