SAP SE (NYSE:SAP) Position Reduced by Pitcairn Co.

Pitcairn Co. trimmed its stake in shares of SAP SE (NYSE:SAP) by 16.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,336 shares of the software maker’s stock after selling 2,479 shares during the quarter. Pitcairn Co.’s holdings in SAP were worth $2,826,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of SAP during the first quarter worth $25,000. Godsey & Gibb Inc. acquired a new stake in shares of SAP during the third quarter worth $25,000. POM Investment Strategies LLC raised its holdings in shares of SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC raised its holdings in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares during the period. Finally, Atticus Wealth Management LLC acquired a new stake in shares of SAP during the second quarter worth $40,000.

Analyst Ratings Changes

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

SAP Stock Up 0.1 %

SAP stock opened at $236.21 on Friday. The stock has a market cap of $290.18 billion, a price-to-earnings ratio of 94.48, a PEG ratio of 4.53 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $230.65 and its two-hundred day moving average price is $212.06. SAP SE has a 52 week low of $148.38 and a 52 week high of $243.01.

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