Seven Mile Advisory Reduces Stock Position in SAP SE (NYSE:SAP)

Seven Mile Advisory trimmed its holdings in SAP SE (NYSE:SAP) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,151 shares of the software maker’s stock after selling 43 shares during the period. Seven Mile Advisory’s holdings in SAP were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in shares of SAP by 79.1% in the third quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker’s stock worth $852,000 after buying an additional 1,642 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in SAP by 24.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 65,732 shares of the software maker’s stock valued at $15,059,000 after purchasing an additional 12,948 shares during the period. D.A. Davidson & CO. purchased a new position in shares of SAP during the 3rd quarter valued at $296,000. Quantbot Technologies LP increased its holdings in shares of SAP by 248.5% in the third quarter. Quantbot Technologies LP now owns 4,959 shares of the software maker’s stock worth $1,136,000 after purchasing an additional 3,536 shares during the period. Finally, Freedom Investment Management Inc. raised its position in shares of SAP by 17.6% in the third quarter. Freedom Investment Management Inc. now owns 1,876 shares of the software maker’s stock worth $430,000 after buying an additional 281 shares in the last quarter.

SAP Price Performance

Shares of SAP stock opened at $267.83 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a one year low of $175.08 and a one year high of $293.70. The business’s 50 day simple moving average is $277.05 and its two-hundred day simple moving average is $251.97. The stock has a market capitalization of $329.03 billion, a P/E ratio of 93.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Analysts forecast that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets lifted their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JMP Securities upped their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $248.83.

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.