SAP SE $SAP Stock: Chiron Capital Management LLC Cuts Holdings

Chiron Capital Management LLC decreased its holdings in SAP SE (NYSE:SAP) by 38.4% in the third quarter, Holdings Channel reports. The fund owned 5,607 shares of the software maker’s stock after selling 3,500 shares during the period. SAP accounts for approximately 1.0% of Chiron Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. Chiron Capital Management LLC’s holdings in SAP were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of SAP. Bank of America Corp DE grew its position in shares of SAP by 15.9% in the first quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock valued at $345,567,000 after purchasing an additional 276,263 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of SAP by 18.5% in the second quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock valued at $187,138,000 after purchasing an additional 189,591 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in SAP during the first quarter worth approximately $150,701,000. Ruane Cunniff & Goldfarb L.P. lifted its position in SAP by 1,532.8% during the first 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 in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in SAP by 48.2% in the 1st quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock valued at $94,257,000 after buying an additional 179,040 shares in the last quarter.

SAP Trading Up 2.1%

SAP stock traded up $4.68 during mid-day trading on Thursday, hitting $225.17. The company’s stock had a trading volume of 1,569,515 shares, compared to its average volume of 2,964,645. The stock’s fifty day moving average is $212.22 and its two-hundred day moving average is $184.37. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $276.62 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.13. SAP SE has a 1 year low of $144.97 and a 1 year high of $281.36.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, July 22nd. The software maker reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). SAP had a net margin of 20.88% and a return on equity of 17.07%. The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.30 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts anticipate that SAP SE will post 8.00 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAP. TD Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday. Wells Fargo & Company restated an “overweight” rating on shares of SAP in a research report on Wednesday, August 12th. UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Weiss Ratings raised shares of SAP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $260.00 target price on shares of SAP in a report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, SAP has an average rating of “Moderate Buy” and an average price target of $264.71.

About SAP

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP develops technology that helps organizations manage finance, procurement, supply chains, human resources, customer relationships and other core business operations.

The company’s principal offerings include SAP S/4HANA Cloud enterprise resource planning software, the SAP Business Technology Platform, and cloud applications such as SAP SuccessFactors for human capital management, SAP Ariba for procurement, SAP Concur for travel and expense management, and SAP Customer Experience solutions.