Gallacher Capital Management LLC Sells 275 Shares of SAP SE (NYSE:SAP)

Gallacher Capital Management LLC reduced its position in SAP SE (NYSE:SAP) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,974 shares of the software maker’s stock after selling 275 shares during the quarter. Gallacher Capital Management LLC’s holdings in SAP were worth $398,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SAP. Private Advisor Group LLC boosted its stake in shares of SAP by 5.7% in the 4th quarter. Private Advisor Group LLC now owns 3,994 shares of the software maker’s stock valued at $617,000 after purchasing an additional 215 shares in the last quarter. Lincoln National Corp boosted its stake in shares of SAP by 34.7% in the 4th quarter. Lincoln National Corp now owns 3,473 shares of the software maker’s stock valued at $537,000 after purchasing an additional 895 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of SAP in the 4th quarter valued at approximately $492,000. Principal Securities Inc. acquired a new stake in shares of SAP in the 4th quarter valued at approximately $733,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of SAP by 76.0% in the 4th quarter. BNP Paribas Financial Markets now owns 21,763 shares of the software maker’s stock valued at $3,364,000 after purchasing an additional 9,400 shares in the last quarter.

SAP Stock Performance

SAP stock opened at $211.33 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a 52-week low of $126.75 and a 52-week high of $221.24. The firm has a 50 day moving average price of $208.92 and a two-hundred day moving average price of $196.34.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same quarter last year, the business earned $0.71 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts forecast that SAP SE will post 4.83 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SAP shares. TD Cowen raised their price target on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays lifted their target price on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. JMP Securities lifted their target price on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets lifted their target price on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus price target of $232.00.

About SAP

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.