Harbour Investments Inc. Cuts Stake in SAP SE $SAP

Harbour Investments Inc. reduced its stake in SAP SE (NYSE:SAP) by 10.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 407 shares of the software maker’s stock after selling 45 shares during the quarter. Harbour Investments Inc.’s holdings in SAP were worth $124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after buying an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock valued at $29,000 after acquiring an additional 66 shares during the period. Vermillion Wealth Management Inc. bought a new stake in SAP in the 2nd quarter valued at about $31,000. Dagco Inc. bought a new stake in SAP in the 1st quarter valued at about $45,000. Finally, Cornerstone Planning Group LLC raised its stake in SAP by 108.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker’s stock valued at $53,000 after acquiring an additional 101 shares during the period.

SAP Stock Down 1.4%

SAP stock opened at $276.64 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $269.60 and its 200 day moving average is $282.71. The stock has a market cap of $339.85 billion, a price-to-earnings ratio of 45.80, a price-to-earnings-growth ratio of 4.16 and a beta of 1.28. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on SAP. Barclays restated an “overweight” rating and issued a $322.00 price objective (up from $308.00) on shares of SAP in a research note on Friday, July 25th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. Morgan Stanley restated an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Finally, JMP Securities upped their price target on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $281.67.

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.