Transcend Capital Advisors LLC Has $252,000 Position in SAP SE $SAP

Transcend Capital Advisors LLC reduced its holdings in SAP SE (NYSE:SAP) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 829 shares of the software maker’s stock after selling 104 shares during the period. Transcend Capital Advisors LLC’s holdings in SAP were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TD Asset Management Inc increased its stake in SAP by 3.8% in the 1st quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker’s stock valued at $446,364,000 after buying an additional 60,261 shares during the last quarter. Northern Trust Corp increased its stake in SAP by 2.8% in the 1st quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker’s stock valued at $406,076,000 after buying an additional 40,926 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after buying an additional 80,164 shares during the last quarter. BNP Paribas Financial Markets increased its stake in SAP by 2.6% in the 1st quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock valued at $98,483,000 after buying an additional 9,411 shares during the last quarter. Finally, Aviso Financial Inc. increased its stake in SAP by 2.6% in the 1st quarter. Aviso Financial Inc. now owns 321,048 shares of the software maker’s stock valued at $86,182,000 after buying an additional 8,098 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SAP. Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Cowen reiterated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Barclays raised their target price on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $284.33.

SAP Stock Down 0.1%

Shares of SAP opened at $259.42 on Friday. SAP SE has a 52 week low of $227.52 and a 52 week high of $313.28. The firm has a market cap of $318.69 billion, a P/E ratio of 38.83, a price-to-earnings-growth ratio of 3.83 and a beta of 1.28. The firm’s 50-day simple moving average is $268.80 and its 200 day simple moving average is $283.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.11.

SAP (NYSE:SAP) last announced its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the business earned $1.23 EPS. SAP’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

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.