Legacy Capital Group California Inc. Sells 101 Shares of SAP SE (NYSE:SAP)

Legacy Capital Group California Inc. decreased its holdings in SAP SE (NYSE:SAP) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,274 shares of the software maker’s stock after selling 101 shares during the period. Legacy Capital Group California Inc.’s holdings in SAP were worth $292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. Godsey & Gibb Inc. bought a new stake in shares of SAP in the 3rd quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in SAP during the first quarter worth $25,000. POM Investment Strategies LLC increased its position in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares during the last quarter. Crewe Advisors LLC raised its stake in shares of 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 period. Finally, Sunbelt Securities Inc. bought a new stake in shares of SAP in the 1st quarter worth about $29,000.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets boosted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday. JMP Securities increased their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Finally, 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. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Price Performance

SAP opened at $237.72 on Friday. The firm has a market capitalization of $292.04 billion, a PE ratio of 51.57, a price-to-earnings-growth ratio of 4.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day moving average is $223.18 and its two-hundred day moving average is $204.50. SAP SE has a 1 year low of $130.63 and a 1 year high of $240.08.

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 11.39%. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts anticipate that SAP SE will post 4.83 earnings per share for the current fiscal year.

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.