SAP SE (NYSE:SAP) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC cut its position in shares of SAP SE (NYSE:SAP) by 47.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,489 shares of the software maker’s stock after selling 3,191 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in SAP were worth $704,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SAP. Capital International Investors raised its holdings in SAP by 8.1% in the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after buying an additional 746,386 shares during the period. Envestnet Asset Management Inc. increased its position in shares of SAP by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after acquiring an additional 26,031 shares in the last quarter. Raymond James & Associates raised its stake in shares of SAP by 3.7% in the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock valued at $127,473,000 after acquiring an additional 22,438 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after acquiring an additional 108,729 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in SAP during the 1st quarter worth $58,936,000.

Analysts Set New Price Targets

Several research analysts have commented on the company. BMO Capital Markets raised their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Sanford C. Bernstein assumed coverage on SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target on the stock. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays boosted their target price on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, TD Cowen raised their price target on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $232.00.

SAP Stock Down 0.1 %

Shares of SAP stock opened at $221.89 on Thursday. The firm has a fifty day moving average of $211.73 and a two-hundred day moving average of $198.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. SAP SE has a 1-year low of $126.75 and a 1-year high of $224.05.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share 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 firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same period in the previous year, the company earned $0.71 earnings per share. SAP’s quarterly revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that SAP SE will post 4.83 EPS 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.