Stifel Financial Corp Sells 51,548 Shares of SAP SE (NYSE:SAP)

Stifel Financial Corp decreased its stake in SAP SE (NYSE:SAP) by 35.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,718 shares of the software maker’s stock after selling 51,548 shares during the period. Stifel Financial Corp’s holdings in SAP were worth $11,192,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Next Capital Management LLC bought a new position in shares of SAP in the 2nd quarter worth $26,000. Horan Capital Advisors LLC. bought a new position in shares of SAP in the 3rd quarter worth $28,000. Coastal Investment Advisors Inc. increased its holdings in shares of SAP by 44.2% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 300 shares of the software maker’s stock worth $42,000 after buying an additional 92 shares during the last quarter. North Star Investment Management Corp. bought a new position in shares of SAP in the 3rd quarter worth $35,000. Finally, Stonebridge Capital Advisors LLC bought a new position in shares of SAP in the 2nd quarter worth $42,000. 4.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on SAP shares. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target (up previously from $141.00) on shares of SAP in a report on Wednesday, November 13th. ValuEngine cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Friday, October 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $140.00 price objective on shares of SAP in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. SAP presently has an average rating of “Hold” and a consensus price target of $129.50.

Shares of SAP stock opened at $133.45 on Tuesday. SAP SE has a 52-week low of $94.81 and a 52-week high of $140.62. The stock has a market capitalization of $162.27 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 2.95 and a beta of 1.11. The company has a fifty day moving average of $133.36 and a 200-day moving average of $127.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.01 and a current ratio of 1.01.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.19. SAP had a net margin of 12.62% and a return on equity of 16.12%. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.78 billion. During the same quarter in the prior year, the company earned $1.14 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that SAP SE will post 4.46 earnings per share for the current fiscal year.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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