Russell Investments Group Ltd. Sells 14,030 Shares of SAP SE $SAP

Russell Investments Group Ltd. reduced its holdings in shares of SAP SE (NYSE:SAP) by 12.7% in the second quarter, Holdings Channel reports. The institutional investor owned 96,063 shares of the software maker’s stock after selling 14,030 shares during the period. Russell Investments Group Ltd.’s holdings in SAP were worth $29,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC increased its stake in shares of SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares in the last quarter. Commerce Bank grew its holdings in SAP by 5.1% during the first quarter. Commerce Bank now owns 2,740 shares of the software maker’s stock valued at $736,000 after purchasing an additional 134 shares during the period. Blueshift Asset Management LLC purchased a new stake in SAP in the first quarter worth about $583,000. Argent Trust Co raised its stake in shares of SAP by 31.6% in the first quarter. Argent Trust Co now owns 1,845 shares of the software maker’s stock worth $495,000 after buying an additional 443 shares during the period. Finally, Blair William & Co. IL purchased a new position in shares of SAP during the 1st quarter valued at about $1,029,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SAP shares. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. BMO Capital Markets reduced their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Morgan Stanley restated an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Finally, Erste Group Bank cut SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, SAP presently has an average rating of “Buy” and an average target price of $284.33.

SAP Stock Performance

Shares of NYSE SAP opened at $241.75 on Friday. The company has a market cap of $296.99 billion, a P/E ratio of 36.19, a P/E/G ratio of 3.83 and a beta of 1.18. SAP SE has a 52-week low of $233.51 and a 52-week high of $313.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.11. The firm’s fifty day moving average is $260.50 and its two-hundred day moving average is $278.93.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business posted $1.23 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal 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.