Lake Street Advisors Group LLC Decreases Stock Position in SAP SE (NYSE:SAP)

Lake Street Advisors Group LLC cut its stake in SAP SE (NYSE:SAP) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,076 shares of the software maker’s stock after selling 170 shares during the quarter. Lake Street Advisors Group LLC’s holdings in SAP were worth $1,850,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SAP. Modera Wealth Management LLC lifted its stake in SAP by 1.4% during the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after purchasing an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of SAP by 3.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after buying an additional 51 shares during the last quarter. RFP Financial Group LLC grew its stake in shares of SAP by 17.5% in the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after buying an additional 52 shares during the last quarter. PFG Investments LLC lifted its position in SAP by 2.6% in the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock valued at $490,000 after acquiring an additional 61 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in SAP by 32.6% during the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after purchasing an additional 62 shares during the last quarter.

SAP Stock Up 0.7 %

SAP stock traded up $1.55 during midday trading on Friday, hitting $239.85. The company’s stock had a trading volume of 190,171 shares, compared to its average volume of 793,828. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP SE has a 52-week low of $130.63 and a 52-week high of $240.00. The firm has a market capitalization of $294.66 billion, a P/E ratio of 95.34, a PEG ratio of 4.42 and a beta of 1.25. The firm has a 50-day simple moving average of $222.71 and a 200-day simple moving average of $204.27.

SAP (NYSE:SAP) last announced its quarterly 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). SAP had a return on equity of 11.39% and a net margin of 8.15%. The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. SAP’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts forecast that SAP SE will post 4.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday. JMP Securities lifted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen boosted their target price on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday. 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $252.33.

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.