Earnest Partners LLC Trims Holdings in SAP SE (NYSE:SAP)

Earnest Partners LLC lowered its position in SAP SE (NYSE:SAP) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,588 shares of the software maker’s stock after selling 134 shares during the period. Earnest Partners LLC’s holdings in SAP were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAP. Capital International Investors boosted its holdings in shares of SAP by 8.1% in the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after acquiring an additional 746,386 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in SAP in the first quarter valued at $58,936,000. Principal Financial Group Inc. grew its position in SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after purchasing an additional 108,729 shares during the period. Marshall Wace LLP acquired a new position in shares of SAP in the 2nd quarter valued at about $21,479,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of SAP in the second quarter worth about $20,532,000.

Analyst Ratings Changes

Several brokerages recently weighed in on SAP. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen boosted their target price 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. Barclays raised their price target on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. BMO Capital Markets upped their price objective 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. Finally, JMP Securities raised their target price on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average price target of $232.00.

SAP Stock Down 0.0 %

SAP stock opened at $228.00 on Friday. The stock has a market capitalization of $280.10 billion, a P/E ratio of 49.46, a P/E/G ratio of 4.44 and a beta of 1.25. SAP SE has a 52 week low of $126.75 and a 52 week high of $231.13. The firm has a 50-day simple moving average of $215.51 and a 200-day simple moving average of $199.86. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. Equities analysts forecast that SAP SE will post 4.77 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.