SAP SE $SAP Shares Sold by Quantitative Investment Management LLC

Quantitative Investment Management LLC lessened its holdings in shares of SAP SE (NYSE:SAP) by 85.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,176 shares of the software maker’s stock after selling 18,695 shares during the quarter. Quantitative Investment Management LLC’s holdings in SAP were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bayban purchased a new stake in SAP in the fourth quarter valued at $28,000. Front Row Advisors LLC raised its stake in shares of SAP by 362.5% during the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after buying an additional 145 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of SAP by 758.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after buying an additional 129 shares during the period. Riggs Asset Managment Co. Inc. lifted its holdings in shares of SAP by 83.8% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock valued at $45,000 after buying an additional 67 shares during the period. Finally, MidFirst Bank purchased a new stake in shares of SAP in the fourth quarter worth about $46,000.

Analyst Upgrades and Downgrades

SAP has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $265.00 target price on shares of SAP in a report on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating on shares of SAP in a report on Friday, August 21st. Weiss Ratings upgraded SAP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Jefferies Financial Group cut shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Citigroup reiterated a “buy” rating on shares of SAP in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus price target of $264.83.

SAP Price Performance

NYSE:SAP opened at $212.22 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. SAP SE has a 52 week low of $144.97 and a 52 week high of $281.36. The stock’s 50-day moving average price is $182.59 and its 200-day moving average price is $180.26. The stock has a market capitalization of $260.71 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 2.59 and a beta of 1.14.

SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.30 billion. SAP had a return on equity of 17.07% and a net margin of 20.88%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 EPS. As a group, equities analysts expect that SAP SE will post 8.18 EPS for the current fiscal year.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.