Level Four Advisory Services LLC lowered its stake in SAP SE (NYSE:SAP) by 42.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,488 shares of the software maker’s stock after selling 2,535 shares during the quarter. Level Four Advisory Services LLC’s holdings in SAP SE were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in SAP SE by 32.4% in the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after purchasing an additional 234 shares during the period. Shine Investment Advisory Services Inc. bought a new position in SAP SE in the 2nd quarter worth about $132,000. IFP Advisors Inc boosted its stake in SAP SE by 29.4% in the 2nd quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after purchasing an additional 331 shares during the period. Fiduciary Trust Co. bought a new position in SAP SE in the 2nd quarter worth about $157,000. Finally, Huntington National Bank boosted its stake in SAP SE by 1.6% in the 2nd quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 3.57% of the company’s stock.
SAP SE (NYSE:SAP) traded up 0.30% during mid-day trading on Friday, reaching $113.74. The company had a trading volume of 310,943 shares. The stock’s 50-day moving average price is $110.52 and its 200 day moving average price is $105.85. SAP SE has a 52 week low of $80.93 and a 52 week high of $114.41. The firm has a market capitalization of $136.36 billion, a PE ratio of 32.98 and a beta of 1.10.
SAP SE (NYSE:SAP) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. SAP SE had a return on equity of 15.43% and a net margin of 15.80%. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.68 billion. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts predict that SAP SE will post $4.82 EPS for the current year.
SAP SE announced that its Board of Directors has approved a share buyback program on Thursday, July 20th that permits the company to buyback shares. This buyback authorization permits the software maker to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.
A number of brokerages have recently issued reports on SAP. DZ Bank AG reiterated a “buy” rating on shares of SAP SE in a research report on Thursday, October 19th. BMO Capital Markets began coverage on SAP SE in a research report on Friday, October 20th. They set a “market perform” rating and a $115.00 price target for the company. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “neutral” rating on shares of SAP SE in a research report on Monday, October 16th. Zacks Investment Research upgraded SAP SE from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Monday. Finally, Morgan Stanley reiterated a “buy” rating on shares of SAP SE in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $101.33.
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SAP SE Company Profile
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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