Raymond James & Associates Trims Position in SAP SE (NYSE:SAP)

Raymond James & Associates cut its position in SAP SE (NYSE:SAP - Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 565,930 shares of the software maker's stock after selling 66,031 shares during the period. Raymond James & Associates' holdings in SAP were worth $129,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in SAP in the first quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in SAP during the 1st quarter valued at $25,000. POM Investment Strategies LLC raised its holdings in 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 buying an additional 116 shares during the last quarter. Crewe Advisors LLC lifted its stake 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 buying an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of SAP during the first quarter valued at about $29,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SAP. JMP Securities raised their price target on shares of SAP from $220.00 to $245.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 23rd. Barclays upped their price target on SAP from $251.00 to $252.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. BMO Capital Markets cut SAP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th. TD Cowen lifted their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a "hold" rating in a report on Tuesday, July 23rd. Finally, Argus upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.17.

SAP Stock Performance

SAP stock traded up $1.60 during mid-day trading on Friday, hitting $230.44. The company had a trading volume of 654,181 shares, compared to its average volume of 782,140. SAP SE has a 12 month low of $130.08 and a 12 month high of $232.23. The stock's fifty day moving average price is $221.38 and its two-hundred day moving average price is $203.50. The firm has a market cap of $283.10 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25. 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 (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. SAP's revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts forecast that SAP SE will post 4.78 earnings per share for the current fiscal year.

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.