Sequoia Financial Advisors LLC Sells 3,192 Shares of SAP SE $SAP

by · The Markets Daily

Sequoia Financial Advisors LLC reduced its position in SAP SE (NYSE:SAP – Free Report) by 17.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,899 shares of the software maker’s stock after selling 3,192 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SAP were worth $2,296,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SAP. Bayban acquired a new position in SAP in the fourth quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in SAP by 758.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after acquiring an additional 129 shares during the period. Riggs Asset Managment Co. Inc. raised its position in shares of SAP by 83.8% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock worth $45,000 after acquiring an additional 67 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of SAP in the 3rd quarter worth about $49,000. Finally, Front Row Advisors LLC lifted its stake in shares of SAP by 362.5% in the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after purchasing an additional 145 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup restated a “buy” rating on shares of SAP in a research report on Thursday, August 27th. TD Cowen reissued a “buy” rating on shares of SAP in a research note on Friday, July 24th. Weiss Ratings upgraded SAP from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $255.67.

Get Our Latest Stock Report on SAP

SAP Stock Up 0.0%

SAP stock opened at $206.39 on Monday. The stock’s 50 day simple moving average is $191.36 and its 200 day simple moving average is $180.75. The company has a market cap of $253.55 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. SAP SE has a fifty-two week low of $144.97 and a fifty-two week high of $281.36.

SAP (NYSE:SAP – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.30 billion. During the same period last year, the business posted $1.50 EPS. The company’s revenue was up 9.4% on a year-over-year basis. On average, research analysts expect that SAP SE will post 8.17 earnings per share for the current fiscal year.

SAP Profile

(Free Report)

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. The company develops technology that helps organizations manage core business operations, including finance, procurement, supply chain, manufacturing, human resources, sales and customer relationships.

SAP’s portfolio is centered on its cloud-based enterprise resource planning platform, SAP S/4HANA, along with the SAP Business Technology Platform. Its products and services also include SAP SuccessFactors for human resources, SAP Ariba for business-to-business procurement, SAP Concur for travel and expense management, and solutions for customer experience, data management, analytics and artificial intelligence.

SAP was founded in 1972 by five former IBM employees and has grown into a global provider of business software.

See Also

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