SAP SE (NYSE:SAP) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC trimmed its position in SAP SE (NYSE:SAP - Free Report) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,898 shares of the software maker's stock after selling 2,397 shares during the period. Verdence Capital Advisors LLC's holdings in SAP were worth $3,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in SAP in the third quarter worth $356,000. Portside Wealth Group LLC boosted its stake in shares of SAP by 5.1% during the third quarter. Portside Wealth Group LLC now owns 7,999 shares of the software maker's stock valued at $1,833,000 after purchasing an additional 389 shares during the period. Principal Financial Group Inc. boosted its stake in shares of SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock valued at $140,111,000 after purchasing an additional 4,775 shares during the period. Crestwood Advisors Group LLC boosted its stake in shares of SAP by 17.3% during the third quarter. Crestwood Advisors Group LLC now owns 1,346 shares of the software maker's stock valued at $308,000 after purchasing an additional 199 shares during the period. Finally, PDS Planning Inc boosted its stake in shares of SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker's stock valued at $915,000 after purchasing an additional 51 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Argus raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, July 31st. TD Cowen upped their price objective on shares of SAP from $234.00 to $240.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. JMP Securities upped their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Barclays increased their price target on shares of SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $252.33.

SAP Stock Performance

NYSE:SAP traded down $2.63 during midday trading on Friday, hitting $237.56. The company's stock had a trading volume of 706,553 shares, compared to its average volume of 800,132. SAP SE has a fifty-two week low of $142.39 and a fifty-two week high of $243.01. The firm's 50 day moving average is $227.28 and its 200-day moving average is $208.66. 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 market cap of $291.84 billion, a P/E ratio of 95.02, a P/E/G ratio of 4.43 and a beta of 1.25.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 EPS. Equities analysts anticipate that SAP SE will post 4.9 earnings per share 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.