Brighton Jones LLC Reduces Holdings in SAP SE (NYSE:SAP)

Brighton Jones LLC lessened its holdings in shares of SAP SE (NYSE:SAP) by 28.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,157 shares of the software maker’s stock after selling 465 shares during the quarter. Brighton Jones LLC’s holdings in SAP were worth $233,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new stake in shares of SAP in the first quarter worth $25,000. LRI Investments LLC acquired a new stake in SAP during the 1st quarter valued at $25,000. POM Investment Strategies LLC increased its stake in SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the period. Crewe Advisors LLC lifted its holdings in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in SAP in the first quarter worth $29,000.

SAP Trading Down 0.1 %

NYSE SAP opened at $228.81 on Monday. SAP SE has a 12 month low of $126.75 and a 12 month high of $230.19. The firm has a market capitalization of $269.90 billion, a P/E ratio of 49.63, a PEG ratio of 4.34 and a beta of 1.25. The business has a fifty day simple moving average of $212.75 and a 200 day simple moving average of $198.72. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its quarterly earnings results 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. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that SAP SE will post 4.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SAP shares. Barclays boosted their price objective on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. JMP Securities increased their price target on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. TD Cowen upped their target price on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets raised their price objective on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $232.00.

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.