Transcend Capital Advisors LLC Has $252,000 Stock Position in SAP SE $SAP

Transcend Capital Advisors LLC lowered its holdings in SAP SE (NYSE:SAP) by 11.1% in the second quarter, HoldingsChannel.com reports. The firm owned 829 shares of the software maker’s stock after selling 104 shares during the quarter. Transcend Capital Advisors LLC’s holdings in SAP were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Contravisory Investment Management Inc. grew its position in shares of SAP by 3.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock worth $338,000 after purchasing an additional 34 shares in the last quarter. Independent Advisor Alliance raised its position in shares of SAP by 0.4% in the first quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker’s stock valued at $2,673,000 after buying an additional 35 shares in the last quarter. Cordatus Wealth Management LLC raised its position in shares of SAP by 1.1% in the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker’s stock valued at $889,000 after buying an additional 37 shares in the last quarter. Sage Rhino Capital LLC raised its position in shares of SAP by 1.1% in the second quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock valued at $1,045,000 after buying an additional 37 shares in the last quarter. Finally, LCM Capital Management Inc raised its position in shares of SAP by 1.9% in the first quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker’s stock valued at $557,000 after buying an additional 39 shares in the last quarter.

Analyst Ratings Changes

SAP has been the subject of a number of analyst reports. Barclays lifted their price target on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. KeyCorp reiterated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $284.33.

SAP Stock Performance

NYSE:SAP opened at $259.42 on Friday. The stock’s 50-day simple moving average is $268.80 and its 200 day simple moving average is $283.66. The firm has a market capitalization of $318.69 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 3.83 and a beta of 1.28. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. SAP SE has a twelve month low of $227.52 and a twelve month high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.17. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.SAP’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. On average, analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

About SAP

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.