Assetmark Inc. Cuts Stock Position in SAP SE $SAP

Assetmark Inc. lessened its stake in SAP SE (NYSE:SAP) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,891 shares of the software maker’s stock after selling 623 shares during the quarter. Assetmark Inc.’s holdings in SAP were worth $18,517,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vermillion Wealth Management Inc. purchased a new stake in shares of SAP during the second quarter worth $31,000. Motco grew its holdings in shares of SAP by 400.0% during the second quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of SAP during the second quarter worth $38,000. Solstein Capital LLC purchased a new stake in shares of SAP during the second quarter worth $40,000. Finally, Dagco Inc. purchased a new stake in shares of SAP during the first quarter worth $45,000.

SAP Trading Up 0.4%

Shares of SAP opened at $260.14 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28. The firm has a 50-day moving average price of $268.59 and a 200 day moving average price of $283.67. The firm has a market capitalization of $319.59 billion, a P/E ratio of 38.94, a P/E/G ratio of 3.83 and a beta of 1.28.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. SAP’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SAP. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SAP in a report on Friday. Barclays upped their target price on shares of SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, BMO Capital Markets dropped their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $284.33.

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.