SAP SE (NYSE:SAP) Shares Sold by Angeles Investment Advisors LLC

by · The Markets Daily

Angeles Investment Advisors LLC trimmed its position in shares of SAP SE (NYSE:SAP – Free Report) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,418 shares of the software maker’s stock after selling 540 shares during the quarter. Angeles Investment Advisors LLC’s holdings in SAP were worth $554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SAP. Concurrent Investment Advisors LLC acquired a new position in SAP during the first quarter worth about $215,000. Russell Investments Group Ltd. grew its position in SAP by 19.4% during the first quarter. Russell Investments Group Ltd. now owns 143,887 shares of the software maker’s stock worth $28,062,000 after buying an additional 23,353 shares during the period. Avantax Advisory Services Inc. acquired a new position in SAP during the first quarter worth about $270,000. Angeles Wealth Management LLC grew its position in SAP by 4.2% during the first quarter. Angeles Wealth Management LLC now owns 1,794 shares of the software maker’s stock worth $350,000 after buying an additional 73 shares during the period. Finally, D Orazio & Associates Inc. acquired a new position in SAP during the first quarter worth about $249,000.

SAP Trading Down 1.7 %

Shares of SAP stock traded down $4.07 during trading hours on Wednesday, hitting $230.40. The company’s stock had a trading volume of 38,318 shares, compared to its average volume of 797,323. SAP SE has a 1-year low of $146.99 and a 1-year high of $243.01. The business has a fifty day moving average of $227.96 and a 200 day moving average of $209.65. The company has a market capitalization of $283.05 billion, a PE ratio of 93.79, a P/E/G ratio of 4.52 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP – Get Free Report) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. As a group, equities analysts forecast that SAP SE will post 4.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SAP. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Barclays upped their price target on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen upped their price target on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities upped their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

View Our Latest Analysis on SAP

SAP Profile

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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.

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