Voya Investment Management LLC Sells 43,599 Shares of SAP SE $SAP

Voya Investment Management LLC decreased its position in shares of SAP SE (NYSE:SAP) by 26.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,541 shares of the software maker’s stock after selling 43,599 shares during the period. Voya Investment Management LLC’s holdings in SAP were worth $31,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC increased its stake in SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after purchasing an additional 69 shares during the period. Vermillion Wealth Management Inc. bought a new position in shares of SAP in the second quarter worth about $31,000. Motco grew its holdings in shares of SAP by 400.0% in the second quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in SAP in the 2nd quarter worth about $38,000. Finally, Solstein Capital LLC bought a new stake in SAP during the 2nd quarter valued at about $40,000.

SAP Trading Up 0.1%

Shares of NYSE:SAP opened at $244.59 on Friday. The business’s 50-day moving average is $253.04 and its 200 day moving average is $273.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. SAP SE has a 1 year low of $233.51 and a 1 year high of $313.28. The firm has a market capitalization of $300.48 billion, a P/E ratio of 36.61, a P/E/G ratio of 3.51 and a beta of 1.19.

SAP (NYSE:SAP) last posted its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. The business had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.23 earnings per share. On average, research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. KeyCorp reaffirmed an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Citigroup restated a “buy” rating on shares of SAP in a report on Thursday, December 11th. Argus reiterated a “buy” rating and issued a $320.00 target price on shares of SAP in a report on Friday, October 24th. JMP Securities reissued a “market outperform” rating and set a $375.00 price target on shares of SAP in a research report on Thursday, October 23rd. Finally, Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $284.33.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.