Nationwide Fund Advisors cut its position in SAP SE (NYSE:SAP) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,600 shares of the company’s stock after selling 4,000 shares during the period. Nationwide Fund Advisors’ holdings in SAP SE were worth $4,021,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Societe Generale purchased a new position in SAP SE during the second quarter worth approximately $141,000. NEXT Financial Group Inc increased its position in shares of SAP SE by 1.3% in the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the company’s stock worth $148,000 after buying an additional 25 shares during the last quarter. Bessemer Group Inc. increased its position in shares of SAP SE by 112.3% in the first quarter. Bessemer Group Inc. now owns 2,312 shares of the company’s stock worth $186,000 after buying an additional 1,223 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of SAP SE during the first quarter worth approximately $295,000. Finally, Shelton Capital Management increased its position in shares of SAP SE by 0.3% in the second quarter. Shelton Capital Management now owns 3,677 shares of the company’s stock worth $276,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 3.51% of the company’s stock.
SAP SE (NYSE:SAP) traded down 0.14% on Tuesday, hitting $90.76. The company’s stock had a trading volume of 292,823 shares. SAP SE has a 1-year low of $66.67 and a 1-year high of $92.76. The company has a market capitalization of $108.75 billion, a P/E ratio of 27.17 and a beta of 1.43. The company has a 50 day moving average price of $89.01 and a 200-day moving average price of $82.14.
SAP SE (NYSE:SAP) last posted its earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. SAP SE had a net margin of 16.76% and a return on equity of 16.92%. On average, equities analysts forecast that SAP SE will post $4.37 earnings per share for the current fiscal year.
A number of brokerages have commented on SAP. Deutsche Bank AG restated a “buy” rating on shares of SAP SE in a research note on Tuesday, September 27th. Royal Bank Of Canada lifted their target price on SAP SE to $95.00 and gave the company a “sector perform” rating in a research note on Friday. RBC Capital Markets restated a “hold” rating and issued a $95.00 target price on shares of SAP SE in a research note on Friday. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research note on Wednesday, September 14th. Finally, Barclays PLC restated an “overweight” rating and issued a $105.00 target price on shares of SAP SE in a research note on Tuesday, August 30th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $84.42.
SAP SE Company Profile
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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