Connable Office Inc. Sells 452 Shares of SAP SE $SAP

Connable Office Inc. reduced its position in SAP SE (NYSE:SAP) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,100 shares of the software maker’s stock after selling 452 shares during the quarter. Connable Office Inc.’s holdings in SAP were worth $1,855,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. bought a new stake in shares of SAP in the 2nd quarter valued at $31,000. Motco boosted its stake in shares of SAP by 400.0% in the 2nd quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of SAP in the 2nd quarter valued at $38,000. Solstein Capital LLC acquired a new position in shares of SAP during the 2nd quarter valued at $40,000. Finally, Dagco Inc. acquired a new position in shares of SAP during the 1st quarter valued at $45,000.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of research reports. Erste Group Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Monday, October 27th. JMP Securities reiterated a “market outperform” rating and set a $375.00 target price on shares of SAP in a research report on Thursday, October 23rd. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $284.33.

SAP Stock Performance

Shares of SAP stock opened at $264.06 on Tuesday. The firm has a 50-day moving average of $268.46 and a 200-day moving average of $284.03. The company has a market cap of $324.39 billion, a P/E ratio of 39.53, a P/E/G ratio of 3.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. SAP SE has a one year low of $227.52 and a one year high of $313.28.

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