Stephens Inc. AR Sells 688 Shares of SAP SE (NYSE:SAP)

Stephens Inc. AR cut its holdings in shares of SAP SE (NYSE:SAP) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,469 shares of the software maker’s stock after selling 688 shares during the quarter. Stephens Inc. AR’s holdings in SAP were worth $1,024,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton increased its position in shares of SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after acquiring an additional 52 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of SAP during the 3rd quarter worth approximately $91,000. Diversify Wealth Management LLC raised its stake in shares of SAP by 1.2% during the 3rd quarter. Diversify Wealth Management LLC now owns 11,095 shares of the software maker’s stock worth $2,603,000 after purchasing an additional 127 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of SAP by 3.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 22,112 shares of the software maker’s stock valued at $5,066,000 after buying an additional 701 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its stake in shares of SAP by 7.1% in the third quarter. Nicholas Hoffman & Company LLC. now owns 1,270 shares of the software maker’s stock valued at $291,000 after buying an additional 84 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Cowen upped their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays boosted their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Performance

NYSE:SAP opened at $235.90 on Wednesday. The stock has a 50 day simple moving average of $226.20 and a 200 day simple moving average of $207.86. The stock has a market cap of $289.80 billion, a P/E ratio of 94.36, a PEG ratio of 4.46 and a beta of 1.25. SAP SE has a 1-year low of $137.77 and a 1-year high of $243.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the firm posted $1.20 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that SAP SE will post 4.9 earnings per share for the current year.

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.