Cox Capital Mgt LLC Reduces Stock Holdings in SAP SE (NYSE:SAP)

Cox Capital Mgt LLC trimmed its holdings in shares of SAP SE (NYSE:SAP) by 0.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,843 shares of the software maker’s stock after selling 160 shares during the period. SAP makes up approximately 4.0% of Cox Capital Mgt LLC’s holdings, making the stock its 3rd largest position. Cox Capital Mgt LLC’s holdings in SAP were worth $6,608,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SAP. Cetera Advisors LLC raised its holdings in SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after acquiring an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of SAP by 21.1% during the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after buying an additional 4,596 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in SAP in the 1st quarter worth about $237,000. CWM LLC boosted its holdings in shares of SAP by 9.1% during the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after acquiring an additional 240 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of SAP by 4.2% in the second quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after acquiring an additional 6,785 shares during the period.

SAP Price Performance

Shares of NYSE:SAP traded up $3.38 during mid-day trading on Friday, reaching $228.15. The stock had a trading volume of 553,546 shares, compared to its average volume of 782,234. The company has a market cap of $280.28 billion, a P/E ratio of 98.37, a price-to-earnings-growth ratio of 4.40 and a beta of 1.25. The business’s 50 day moving average price is $218.72 and its 200 day moving average price is $202.16. 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 SE has a 1 year low of $127.30 and a 1 year high of $231.13.

SAP (NYSE:SAP) last posted its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same period last year, the firm posted $0.71 earnings per share. SAP’s revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts expect that SAP SE will post 4.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several research reports. BMO Capital Markets raised their target price on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. TD Cowen upped their price objective on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Barclays raised their target price on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. JMP Securities upped their price target on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and an average price target of $232.17.

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.