SAP SE (NYSE:SAP) Stock Position Lowered by Sei Investments Co.

Sei Investments Co. decreased its stake in SAP SE (NYSE:SAP) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,479 shares of the software maker’s stock after selling 796 shares during the quarter. Sei Investments Co.’s holdings in SAP were worth $31,500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in SAP in the 1st quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new position in shares of SAP during the 1st quarter worth $29,000. Wetzel Investment Advisors Inc. acquired a new position in shares of SAP during the 4th quarter worth $31,000. Adirondack Trust Co. increased its stake in shares of SAP by 121.1% during the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of SAP during the 4th quarter worth $33,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SAP. Sanford C. Bernstein began coverage on shares of SAP in a research note on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target on the stock. Barclays lowered their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. JMP Securities raised their target price on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. KeyCorp began coverage on shares of SAP in a research note on Thursday, March 21st. They issued an “overweight” rating on the stock. Finally, StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.20.

SAP Stock Performance

NYSE SAP traded down $1.60 during midday trading on Monday, hitting $203.51. The company had a trading volume of 493,661 shares, compared to its average volume of 760,036. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a fifty day simple moving average of $193.55 and a two-hundred day simple moving average of $184.03. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $206.34.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, April 22nd. The software maker reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). SAP had a return on equity of 9.79% and a net margin of 15.76%. The business had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $8.73 billion. On average, research analysts predict that SAP SE will post 4.56 earnings per share for the current fiscal year.

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.