Royal Bank of Canada Sells 14,789 Shares of SAP SE $SAP

Royal Bank of Canada trimmed its stake in shares of SAP SE (NYSE:SAP) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 701,895 shares of the software maker’s stock after selling 14,789 shares during the quarter. Royal Bank of Canada’s holdings in SAP were worth $120,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SAP. Ruane Cunniff & Goldfarb L.P. boosted its holdings in shares of SAP by 1,532.8% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after buying an additional 703,982 shares during the period. Evelyn Partners Asset Management Ltd raised its holdings in SAP by 1,021.1% in the 1st quarter. Evelyn Partners Asset Management Ltd now owns 426 shares of the software maker’s stock valued at $73,000 after acquiring an additional 388 shares during the period. Quantinno Capital Management LP lifted its position in SAP by 9.4% during the first quarter. Quantinno Capital Management LP now owns 143,889 shares of the software maker’s stock worth $24,635,000 after acquiring an additional 12,361 shares during the last quarter. Lazard Asset Management LLC lifted its position in SAP by 2.7% during the first quarter. Lazard Asset Management LLC now owns 18,554 shares of the software maker’s stock worth $3,177,000 after acquiring an additional 493 shares during the last quarter. Finally, Entropy Technologies LP boosted its holdings in shares of SAP by 154.7% during the first quarter. Entropy Technologies LP now owns 47,655 shares of the software maker’s stock worth $8,159,000 after acquiring an additional 28,943 shares during the period.

SAP Stock Down 2.6%

NYSE SAP opened at $181.08 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The company has a market cap of $222.46 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.19 and a beta of 1.14. The company has a 50 day moving average of $165.76 and a 200-day moving average of $182.27. SAP SE has a 1-year low of $144.97 and a 1-year high of $299.48.

SAP (NYSE:SAP) last issued its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a return on equity of 17.07% and a net margin of 20.88%.The business had revenue of $11.06 billion for the quarter. On average, equities research analysts expect that SAP SE will post 8.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Oppenheimer reiterated a “market perform” rating on shares of SAP in a research note on Friday, July 24th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a report on Friday, July 24th. Jefferies Financial Group cut SAP from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Piper Sandler cut shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings downgraded shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.83.

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.