Calydon Capital Sells 7,504 Shares of SAP SE $SAP

Calydon Capital decreased its position in shares of SAP SE (NYSE:SAP) by 66.0% in the third quarter, HoldingsChannel reports. The fund owned 3,868 shares of the software maker’s stock after selling 7,504 shares during the quarter. Calydon Capital’s holdings in SAP were worth $1,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of SAP by 15.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after purchasing an additional 7,066 shares during the last quarter. Seaview Investment Managers LLC increased its position in SAP by 191.4% during the 3rd quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock valued at $3,138,000 after buying an additional 7,714 shares in the last quarter. Cidel Asset Management Inc. increased its position in SAP by 9.7% during the 3rd quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock valued at $37,215,000 after buying an additional 12,268 shares in the last quarter. AMF Tjanstepension AB raised its stake in SAP by 118.9% in the third quarter. AMF Tjanstepension AB now owns 115,679 shares of the software maker’s stock valued at $30,911,000 after buying an additional 62,842 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in 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 acquiring an additional 392,010 shares in the last quarter.

SAP Stock Down 0.3%

Shares of SAP opened at $189.96 on Friday. The stock’s 50-day moving average price is $213.55 and its 200-day moving average price is $241.96. 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 company has a market capitalization of $233.37 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.11 and a beta of 1.18. SAP SE has a 52 week low of $187.93 and a 52 week high of $313.28.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SAP shares. Arete Research upgraded SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Piper Sandler initiated coverage on shares of SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating for the company. BMO Capital Markets reissued an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Finally, Barclays set a $283.00 target price on SAP in a research note on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus target price of $305.75.

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.