Cetera Investment Advisers Trims Stock Holdings in SAP SE $SAP

Cetera Investment Advisers lowered its position in shares of SAP SE (NYSE:SAP) by 14.5% in the first quarter, HoldingsChannel.com reports. The fund owned 57,722 shares of the software maker’s stock after selling 9,800 shares during the quarter. Cetera Investment Advisers’ holdings in SAP were worth $9,883,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SAP. Windacre Partnership LLC increased its holdings in shares of SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after purchasing an additional 1,336,325 shares during the period. Bank of America Corp DE lifted its holdings in shares of 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 purchasing an additional 973,779 shares during the period. Sustainable Growth Advisers LP boosted its position in SAP by 1,126.3% in the third quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after buying an additional 773,720 shares during the last quarter. M&T Bank Corp boosted its position in SAP by 1,582.7% in the fourth quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after buying an additional 768,725 shares during the last quarter. Finally, Norges Bank acquired a new position in SAP in the 4th quarter worth approximately $81,784,000.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research reports. Jefferies Financial Group cut shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Barclays cut their price objective on shares of SAP from $255.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday. HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. BMO Capital Markets boosted their target price on shares of SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Weiss Ratings lowered shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $264.83.

SAP Trading Down 2.6%

Shares of NYSE:SAP opened at $181.08 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. SAP SE has a 12-month low of $144.97 and a 12-month high of $299.48. The business has a 50 day moving average of $165.76 and a two-hundred day moving average of $182.27. The company has a market capitalization of $222.46 billion, a PE ratio of 22.75, a PEG ratio of 2.19 and a beta of 1.14.

SAP (NYSE:SAP) last issued its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The business had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.88% and a return on equity of 17.07%. As a group, analysts forecast that SAP SE will post 8.14 EPS for the current year.

About SAP

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.