SAP SE (NYSE:SAP) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. reduced its holdings in SAP SE (NYSE:SAP) by 27.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560 shares of the software maker’s stock after selling 209 shares during the quarter. Benjamin Edwards Inc.’s holdings in SAP were worth $113,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Modera Wealth Management LLC boosted its position in shares of SAP by 1.4% during the 2nd 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 in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in SAP by 3.5% during the second 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 in the last quarter. RFP Financial Group LLC grew its position in SAP by 17.5% during the second 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 period. PFG Investments LLC lifted its position in shares of SAP by 2.6% during 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 during the period. Finally, Bessemer Group Inc. lifted its position in shares of 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 acquiring an additional 62 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in 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 note on Tuesday, July 23rd. Barclays lifted their price target on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. TD Cowen increased their price objective on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. JMP Securities lifted their target price on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Finally, Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $232.00.

SAP Stock Down 0.1 %

Shares of NYSE SAP opened at $228.81 on Friday. The firm has a market cap of $269.90 billion, a P/E ratio of 49.63, a price-to-earnings-growth ratio of 4.34 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 SE has a 1 year low of $126.75 and a 1 year high of $230.19. The firm’s 50 day moving average price is $212.75 and its 200 day moving average price is $198.66.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, sell-side analysts anticipate that SAP SE will post 4.83 earnings per share for the current year.

SAP Company 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.