Euro Pacific Asset Management LLC Trims Stake in SAP SE (NYSE:SAP)

Euro Pacific Asset Management LLC lessened its holdings in shares of SAP SE (NYSE:SAP) by 7.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,743 shares of the software maker’s stock after selling 133 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in SAP were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Modera Wealth Management LLC lifted its position in SAP by 1.4% during the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after purchasing an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after buying an additional 51 shares in the last quarter. PDS Planning Inc grew its stake in shares of SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after acquiring an additional 51 shares during the period. RFP Financial Group LLC grew its stake in shares of SAP by 17.5% during the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock valued at $70,000 after acquiring an additional 52 shares during the period. Finally, Rosenberg Matthew Hamilton raised its stake in SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after acquiring an additional 52 shares during the period.

Analyst Ratings Changes

SAP has been the subject of a number of recent analyst reports. TD Cowen upped their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. JMP Securities raised their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a 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, BMO Capital Markets lifted their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, SAP currently has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Down 1.3 %

Shares of SAP opened at $228.31 on Friday. The firm has a market capitalization of $280.48 billion, a P/E ratio of 91.32, a P/E/G ratio of 4.44 and a beta of 1.25. SAP SE has a 12-month low of $148.10 and a 12-month high of $243.01. The firm has a fifty day moving average price of $228.97 and a 200-day moving average price of $210.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last issued 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). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the business posted $1.20 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that SAP SE will post 4.85 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.