ORG Partners LLC Sells 121 Shares of SAP SE (NYSE:SAP)

ORG Partners LLC lessened its position in SAP SE (NYSE:SAP) by 23.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406 shares of the software maker’s stock after selling 121 shares during the period. ORG Partners LLC’s holdings in SAP were worth $93,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC increased its position in SAP by 113.3% during the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after buying an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of SAP by 21.1% during the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after acquiring an additional 4,596 shares during the period. Wealthspire Advisors LLC bought a new stake in SAP in the 1st quarter valued at $237,000. CWM LLC lifted its holdings in SAP by 9.1% during the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after purchasing an additional 240 shares during the last quarter. Finally, Sei Investments Co. boosted its position in SAP by 4.2% during the second quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after purchasing an additional 6,785 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SAP shares. Barclays increased their price objective on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. JMP Securities increased their price target on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. TD Cowen increased their target price on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets boosted their price target on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. One 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $232.17.

SAP Stock Performance

NYSE:SAP opened at $229.60 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a fifty-two week low of $127.30 and a fifty-two week high of $232.23. The company has a market cap of $282.06 billion, a price-to-earnings ratio of 49.80, a PEG ratio of 4.32 and a beta of 1.25. The stock has a fifty day moving average price of $219.93 and a 200-day moving average price of $202.74.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same period in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, equities analysts anticipate that SAP SE will post 4.78 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.