Jefferies Group LLC decreased its stake in shares of SAP SE (NYSE:SAP) by 24.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,095 shares of the software maker’s stock after selling 3,349 shares during the period. Jefferies Group LLC’s holdings in SAP were worth $1,134,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in SAP. Bank of Nova Scotia Trust Co. bought a new stake in shares of SAP during the 3rd quarter valued at about $123,000. Icon Wealth Partners LLC bought a new stake in SAP during the fourth quarter worth about $149,000. Credit Agricole S A bought a new stake in SAP during the fourth quarter worth about $177,000. South Texas Money Management Ltd. bought a new stake in SAP during the fourth quarter worth about $200,000. Finally, Commerce Bank bought a new stake in SAP during the fourth quarter worth about $200,000. 10.28% of the stock is currently owned by hedge funds and other institutional investors.
SAP SE (SAP) opened at $107.52 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a market cap of $133,280.41, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.97 and a beta of 1.15. SAP SE has a twelve month low of $96.04 and a twelve month high of $116.90.
SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 30th. The software maker reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.33. The business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.99 billion. SAP had a net margin of 17.38% and a return on equity of 17.33%. sell-side analysts predict that SAP SE will post 4.33 EPS for the current fiscal year.
Several equities research analysts recently commented on SAP shares. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a research note on Tuesday, March 6th. Zacks Investment Research lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Morgan Stanley lowered shares of SAP from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 11th. Citigroup reissued a “buy” rating on shares of SAP in a research note on Friday, March 2nd. Finally, Cowen lowered shares of SAP from an “outperform” rating to a “market weight” rating in a research note on Friday, January 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $104.00.
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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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