SAP SE (NYSE:SAP) Shares Sold by Synovus Financial Corp

Synovus Financial Corp reduced its stake in SAP SE (NYSE:SAP) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,865 shares of the software maker’s stock after selling 44 shares during the quarter. Synovus Financial Corp’s holdings in SAP were worth $3,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Godsey & Gibb Inc. purchased a new position in SAP in the 3rd quarter valued at $25,000. POM Investment Strategies LLC lifted its stake in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares during the period. Crewe Advisors LLC boosted its holdings in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of SAP during the third quarter worth about $42,000. Finally, LRI Investments LLC raised its holdings in SAP by 68.3% during the second quarter. LRI Investments LLC now owns 212 shares of the software maker’s stock worth $43,000 after purchasing an additional 86 shares in the last quarter.

Analyst Ratings Changes

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

SAP Stock Down 0.1 %

SAP opened at $253.30 on Friday. 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 company has a market cap of $311.18 billion, a price-to-earnings ratio of 101.32, a PEG ratio of 4.87 and a beta of 1.23. SAP SE has a one year low of $148.38 and a one year high of $256.13. The business’s fifty day moving average is $236.50 and its two-hundred day moving average is $217.75.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts anticipate that SAP SE will post 4.83 EPS for the current fiscal year.

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.