TD Private Client Wealth LLC Sells 422 Shares of SAP SE (NYSE:SAP)

TD Private Client Wealth LLC reduced its holdings in shares of SAP SE (NYSE:SAP) by 22.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,479 shares of the software maker’s stock after selling 422 shares during the period. TD Private Client Wealth LLC’s holdings in SAP were worth $339,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Holocene Advisors LP purchased a new stake in shares of SAP in the 3rd quarter worth $10,869,000. Benjamin Edwards Inc. increased its position in SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after buying an additional 8,380 shares in the last quarter. Creative Planning raised its stake in shares of SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after buying an additional 14,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after buying an additional 142,270 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. bought a new position in shares of SAP during the 3rd quarter valued at approximately $3,780,000.

SAP Stock Performance

Shares of NYSE:SAP opened at $253.30 on Friday. SAP SE has a 1 year low of $148.38 and a 1 year high of $256.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The business’s 50 day moving average price is $236.50 and its 200-day moving average price is $217.75. The firm has a market capitalization of $311.18 billion, a PE ratio of 101.32, a P/E/G ratio of 4.87 and a beta of 1.23.

SAP (NYSE:SAP) last announced its quarterly earnings data 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 company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. As a group, equities research analysts expect that SAP SE will post 4.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JMP Securities raised their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen lifted 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. Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $252.33.

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.