SAP SE $SAP Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC lessened its holdings in SAP SE (NYSE:SAP) by 3.1% in the second quarter, HoldingsChannel.com reports. The firm owned 31,266 shares of the software maker’s stock after selling 1,007 shares during the period. SAP accounts for approximately 0.8% of Naples Global Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Naples Global Advisors LLC’s holdings in SAP were worth $9,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. TD Asset Management Inc boosted its holdings in SAP by 3.8% in the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker’s stock worth $446,364,000 after purchasing an additional 60,261 shares during the period. Northern Trust Corp boosted its holdings in SAP by 2.8% in the first quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker’s stock worth $406,076,000 after purchasing an additional 40,926 shares during the period. Goldman Sachs Group Inc. boosted its holdings in SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after purchasing an additional 80,164 shares during the period. WCM Investment Management LLC boosted its holdings in SAP by 5.5% in the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock worth $329,395,000 after purchasing an additional 63,538 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in SAP by 2.6% in the first quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock worth $98,483,000 after purchasing an additional 9,411 shares during the period.

SAP Price Performance

Shares of SAP stock opened at $270.17 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 price is $273.52 and its two-hundred day moving average price is $282.31. SAP SE has a 52 week low of $217.51 and a 52 week high of $313.28. The stock has a market cap of $331.91 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 3.84 and a beta of 1.28.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The firm 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 previous year, the business earned $1.10 earnings per share. As a group, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on SAP. JMP Securities lifted their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Tuesday, September 16th. Barclays reissued an “overweight” rating and set a $322.00 price target (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Finally, Wall Street Zen upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, SAP presently has an average rating of “Buy” and an average target price 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.