Orion Porfolio Solutions LLC Sells 5,895 Shares of SAP SE $SAP

Orion Porfolio Solutions LLC lessened its position in shares of SAP SE (NYSE:SAP) by 14.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,053 shares of the software maker’s stock after selling 5,895 shares during the period. Orion Porfolio Solutions LLC’s holdings in SAP were worth $9,366,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of SAP by 2.8% in the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock worth $3,887,727,000 after buying an additional 392,010 shares in the last quarter. Bank of America Corp DE grew its position in SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after buying an additional 973,779 shares in the last quarter. JPMorgan Chase & Co. grew its position in SAP by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,116,675 shares of the software maker’s stock worth $298,387,000 after buying an additional 28,924 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in SAP by 9,269.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock worth $112,542,000 after acquiring an additional 416,678 shares during the last quarter. Finally, Sands Capital Management LLC raised its holdings in shares of SAP by 29.8% in the 2nd quarter. Sands Capital Management LLC now owns 289,386 shares of the software maker’s stock valued at $88,002,000 after acquiring an additional 66,354 shares in the last quarter.

SAP Price Performance

Shares of SAP stock opened at $202.09 on Friday. The stock has a market cap of $248.27 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.21 and a beta of 1.18. The business’s fifty day moving average is $218.45 and its 200 day moving average is $244.86. SAP SE has a twelve month low of $187.93 and a twelve month high of $313.28. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating 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 business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research analyst reports. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Weiss Ratings upgraded shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. HSBC raised SAP to a “hold” rating in a research note on Tuesday, January 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of SAP in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus 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.