Optas LLC Sells 71 Shares of SAP SE $SAP

Optas LLC trimmed its holdings in SAP SE (NYSE:SAP) by 2.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,238 shares of the software maker’s stock after selling 71 shares during the quarter. Optas LLC’s holdings in SAP were worth $985,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. TD Asset Management Inc raised its holdings in SAP by 3.8% during 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 raised its holdings in SAP by 2.8% during 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. raised its holdings in SAP by 6.5% during 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. WCM Investment Management LLC raised its holdings in SAP by 5.5% during the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock valued at $329,395,000 after buying an additional 63,538 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in SAP by 2.6% during 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.

Analyst Ratings Changes

SAP has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Tuesday, September 16th. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Piper Sandler initiated coverage on shares of SAP in a research report on Tuesday, June 17th. They set an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $281.67.

SAP Stock Up 1.3%

NYSE:SAP opened at $277.26 on Thursday. The firm’s 50-day moving average price is $272.19 and its 200-day moving average price is $282.39. The company has a market capitalization of $340.61 billion, a PE ratio of 45.90, a P/E/G ratio of 3.94 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a 1-year low of $223.70 and a 1-year high of $313.28.

SAP (NYSE:SAP) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The firm had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. On average, equities analysts predict that SAP SE will post 6.55 EPS 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.