Golden State Equity Partners Sells 111 Shares of SAP SE (NYSE:SAP)

Golden State Equity Partners lowered its position in SAP SE (NYSE:SAP) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,602 shares of the software maker’s stock after selling 111 shares during the quarter. Golden State Equity Partners’ holdings in SAP were worth $596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SAP. Cetera Advisors LLC grew its holdings in SAP by 113.3% during the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 8,003 shares during the period. BNP Paribas Financial Markets grew its holdings in SAP by 21.1% during the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after purchasing an additional 4,596 shares during the period. Creative Planning grew its holdings in SAP by 18.0% during the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after purchasing an additional 14,546 shares during the period. Wealthspire Advisors LLC bought a new stake in SAP during the first quarter valued at about $237,000. Finally, CWM LLC grew its holdings in SAP by 9.1% during the second quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after purchasing an additional 240 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SAP. JMP Securities boosted their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays boosted their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Cowen boosted their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average price target of $252.33.

SAP Trading Down 2.1 %

Shares of SAP stock opened at $237.31 on Thursday. SAP SE has a 1 year low of $133.46 and a 1 year high of $243.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $224.90 and its two-hundred day simple moving average is $206.12. The company has a market cap of $291.54 billion, a PE ratio of 94.92, a price-to-earnings-growth ratio of 4.54 and a beta of 1.25.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. Research analysts predict that SAP SE will post 4.9 earnings per share for the current year.

SAP 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.