Rock Point Advisors LLC Trims Position in SAP SE (NYSE:SAP)

Rock Point Advisors LLC lowered its position in SAP SE (NYSE:SAP) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,229 shares of the software maker’s stock after selling 810 shares during the period. SAP comprises approximately 1.8% of Rock Point Advisors LLC’s holdings, making the stock its 21st largest position. Rock Point Advisors LLC’s holdings in SAP were worth $6,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Godsey & Gibb Inc. bought a new stake in shares of SAP in the third quarter worth about $25,000. LRI Investments LLC purchased a new stake in shares of SAP during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC grew its holdings in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in SAP in the third quarter worth about $42,000.

SAP Stock Performance

NYSE SAP traded up $1.27 during trading hours on Tuesday, reaching $235.08. The stock had a trading volume of 39,089 shares, compared to its average volume of 797,706. SAP SE has a 52-week low of $148.38 and a 52-week high of $243.01. The stock has a fifty day moving average of $230.85 and a 200 day moving average of $212.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $288.80 billion, a P/E ratio of 93.50, a price-to-earnings-growth ratio of 4.53 and a beta of 1.25.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $1.20 earnings per share. Sell-side analysts predict that SAP SE will post 4.89 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JMP Securities boosted their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Barclays raised their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.33.

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.