MAI Capital Management Decreases Stake in SAP SE (NYSE:SAP)

MAI Capital Management lowered its stake in SAP SE (NYSE:SAP - Free Report) by 43.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,102 shares of the software maker's stock after selling 3,113 shares during the quarter. MAI Capital Management's holdings in SAP were worth $940,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cetera Advisors LLC raised its holdings in SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker's stock valued at $2,939,000 after buying an additional 8,003 shares during the last quarter. Creative Planning increased its position in SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker's stock valued at $21,864,000 after purchasing an additional 14,546 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in SAP during the 3rd quarter valued at approximately $3,780,000. Dash Acquisitions Inc. increased its position in SAP by 2.8% during the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker's stock valued at $19,039,000 after purchasing an additional 2,175 shares during the period. Finally, CWM LLC increased its position 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 period.

Wall Street Analyst Weigh In

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

SAP Stock Performance

Shares of NYSE SAP traded up $0.18 during mid-day trading on Friday, reaching $236.21. 750,700 shares of the company's stock were exchanged, compared to its average volume of 801,956. The firm has a market capitalization of $290.18 billion, a price-to-earnings ratio of 94.36, a price-to-earnings-growth ratio of 4.50 and a beta of 1.25. SAP SE has a 52 week low of $148.38 and a 52 week high of $243.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50-day moving average price of $230.35 and a two-hundred day moving average price of $211.71.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Analysts predict that SAP SE will post 4.85 EPS for the current 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.