Davis Selected Advisers Reduces Holdings in SAP SE $SAP

Davis Selected Advisers reduced its position in shares of SAP SE (NYSE:SAP) by 38.6% during the second quarter, HoldingsChannel reports. The firm owned 46,769 shares of the software maker’s stock after selling 29,357 shares during the quarter. Davis Selected Advisers’ holdings in SAP were worth $14,222,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vermillion Wealth Management Inc. purchased a new stake in SAP during the 2nd quarter worth $31,000. Motco grew its stake in shares of SAP by 400.0% during the second quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of SAP during the second quarter valued at about $38,000. Solstein Capital LLC purchased a new stake in shares of SAP during the second quarter worth about $40,000. Finally, Dagco Inc. acquired a new position in shares of SAP in the first quarter worth about $45,000.

SAP Stock Down 0.5%

SAP stock opened at $251.96 on Friday. The firm has a market cap of $309.53 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 3.83 and a beta of 1.18. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28. The firm has a fifty day moving average price of $265.74 and a two-hundred day moving average price of $283.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03.

SAP (NYSE:SAP) last posted its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $9.10 billion. During the same period last year, the firm posted $1.23 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of recent analyst reports. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. KeyCorp reissued an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Monday, October 27th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $284.33.

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.