Calydon Capital Decreases Holdings in SAP SE $SAP

Calydon Capital reduced its position in SAP SE (NYSE:SAP) by 66.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,868 shares of the software maker’s stock after selling 7,504 shares during the period. Calydon Capital’s holdings in SAP were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. First PREMIER Bank bought a new stake in shares of SAP during the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC lifted its stake in shares of SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after purchasing an additional 69 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of SAP in the third quarter worth approximately $27,000. Copia Wealth Management bought a new stake in SAP during the third quarter valued at approximately $28,000. Finally, Guerra Advisors Inc purchased a new stake in SAP during the third quarter valued at approximately $31,000.

SAP Stock Down 0.3%

Shares of SAP opened at $189.96 on Friday. SAP SE has a 52-week low of $187.93 and a 52-week high of $313.28. The company has a market cap of $233.37 billion, a PE ratio of 26.94, a P/E/G ratio of 2.11 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $213.55 and a 200 day moving average of $241.96.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. HSBC upgraded shares of SAP to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings raised shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. Arete Research upgraded shares of SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays set a $283.00 target price on shares of SAP in a research note on Monday, February 2nd. Finally, Zacks Research downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and an average price target of $305.75.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.