Rehmann Capital Advisory Group Trims Stock Position in SAP SE (NYSE:SAP)

Rehmann Capital Advisory Group lessened its position in shares of SAP SE (NYSE:SAP) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,155 shares of the software maker’s stock after selling 72 shares during the quarter. Rehmann Capital Advisory Group’s holdings in SAP were worth $502,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SAP. FMR LLC raised its position in SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. International Assets Investment Management LLC purchased a new stake in SAP in the third quarter valued at approximately $40,573,000. Connor Clark & Lunn Investment Management Ltd. raised its position in SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares during the period. Marshall Wace LLP purchased a new stake in SAP in the second quarter valued at approximately $21,479,000. Finally, Hantz Financial Services Inc. purchased a new stake in SAP in the second quarter valued at approximately $20,532,000.

SAP Stock Performance

Shares of SAP stock opened at $253.81 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $235.19 and a 200 day moving average price of $216.92. The company has a market cap of $311.81 billion, a P/E ratio of 101.52, a PEG ratio of 4.87 and a beta of 1.23. SAP SE has a 12 month low of $148.38 and a 12 month high of $256.13.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 11.44% and a net margin of 8.15%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. Sell-side analysts predict that SAP SE will post 4.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.