NWQ Investment Management Company LLC cut its stake in SAP SE (NYSE:SAP) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 111,217 shares of the software maker’s stock after selling 3,572 shares during the period. NWQ Investment Management Company LLC’s holdings in SAP were worth $12,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of SAP. State Street Corp grew its stake in shares of SAP by 2.3% in the second quarter. State Street Corp now owns 204,794 shares of the software maker’s stock worth $21,436,000 after purchasing an additional 4,622 shares in the last quarter. Nationwide Fund Advisors grew its stake in shares of SAP by 1.7% in the third quarter. Nationwide Fund Advisors now owns 53,300 shares of the software maker’s stock worth $5,844,000 after purchasing an additional 900 shares in the last quarter. Sei Investments Co. grew its stake in shares of SAP by 13.0% in the third quarter. Sei Investments Co. now owns 104,273 shares of the software maker’s stock worth $11,435,000 after purchasing an additional 12,007 shares in the last quarter. Advisor Group Inc. grew its stake in shares of SAP by 18.3% in the third quarter. Advisor Group Inc. now owns 12,187 shares of the software maker’s stock worth $1,337,000 after purchasing an additional 1,889 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of SAP by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 275,375 shares of the software maker’s stock worth $30,196,000 after purchasing an additional 5,644 shares in the last quarter. 10.28% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on SAP. Zacks Investment Research cut SAP from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Cleveland Research cut SAP from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Citigroup reissued a “buy” rating on shares of SAP in a research note on Wednesday, January 10th. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a research note on Monday, January 22nd. Finally, Morgan Stanley cut SAP from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $104.00.
SAP SE (SAP) opened at $107.62 on Wednesday. SAP SE has a 52 week low of $94.62 and a 52 week high of $116.90. The firm has a market capitalization of $133,882.38, a PE ratio of 27.88, a P/E/G ratio of 2.98 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.
SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 30th. The software maker reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.33. SAP had a return on equity of 17.33% and a net margin of 17.38%. The business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.99 billion. equities analysts forecast that SAP SE will post 4.33 EPS for the current fiscal year.
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SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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