SAP SE $SAP Shares Sold by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC cut its position in SAP SE (NYSE:SAP) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,152 shares of the software maker’s stock after selling 6,213 shares during the quarter. SAP accounts for 3.3% of Mar Vista Investment Partners LLC’s holdings, making the stock its 13th largest holding. Mar Vista Investment Partners LLC’s holdings in SAP were worth $37,717,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. First PREMIER Bank acquired a new position in shares of SAP in the third quarter worth $25,000. Retirement Wealth Solutions LLC boosted its holdings in SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after purchasing an additional 69 shares during the period. Abich Financial Wealth Management LLC acquired a new position in SAP during the 3rd quarter worth $27,000. Copia Wealth Management purchased a new stake in SAP during the 3rd quarter worth about $28,000. Finally, Guerra Advisors Inc acquired a new stake in SAP in the 3rd quarter valued at about $31,000.

Analyst Ratings Changes

A number of equities analysts recently commented on SAP shares. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Weiss Ratings cut SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a research note on Friday, January 30th. Finally, HSBC upgraded shares of SAP to a “hold” rating in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $305.75.

SAP Trading Up 1.0%

NYSE SAP opened at $198.40 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $243.74 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.17 and a beta of 1.17. SAP SE has a 52-week low of $189.22 and a 52-week high of $313.28. The firm has a 50-day moving average price of $224.87 and a 200 day moving average price of $248.53.

SAP (NYSE:SAP) last released its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.52% and a net margin of 19.92%.The company had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Company 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.