SAP SE (NYSE:SAP) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc decreased its stake in shares of SAP SE (NYSE:SAP) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,421 shares of the software maker’s stock after selling 412 shares during the quarter. SAP comprises 0.8% of Capital Investment Counsel Inc’s holdings, making the stock its 23rd biggest position. Capital Investment Counsel Inc’s holdings in SAP were worth $5,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Advisors LLC raised its position in SAP by 113.3% during the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after buying an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in SAP by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after purchasing an additional 4,596 shares during the last quarter. Creative Planning raised its stake in shares of SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after buying an additional 14,546 shares during the last quarter. Wealthspire Advisors LLC purchased a new stake in shares of SAP in the first quarter worth about $237,000. Finally, CWM LLC lifted its holdings in SAP by 9.1% in the second quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after acquiring an additional 240 shares during the period.

SAP Price Performance

NYSE:SAP opened at $234.60 on Thursday. The stock has a 50 day moving average price of $222.71 and a 200 day moving average price of $204.27. The stock has a market cap of $288.21 billion, a PE ratio of 50.89, a P/E/G ratio of 4.37 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a one year low of $130.63 and a one year high of $237.72.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 10.98% and a net margin of 7.74%. The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that SAP SE will post 4.84 EPS for the current fiscal year.

Analyst Ratings Changes

SAP has been the subject of several analyst reports. Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday. JMP Securities increased their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday. TD Cowen lifted their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets increased their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.