Capital Investment Counsel Inc Sells 412 Shares of SAP SE (NYSE:SAP)

Capital Investment Counsel Inc lessened its stake in shares of SAP SE (NYSE:SAP) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,421 shares of the software maker’s stock after selling 412 shares during the period. SAP accounts for approximately 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter valued at approximately $25,000. LRI Investments LLC bought a new position in SAP during the first quarter valued at $25,000. POM Investment Strategies LLC raised its position in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares in the last quarter. Crewe Advisors LLC increased its stake in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of SAP in the 1st quarter valued at approximately $29,000.

Wall Street Analysts Forecast Growth

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

SAP Stock Performance

Shares of NYSE:SAP opened at $234.60 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $288.21 billion, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 4.37 and a beta of 1.25. The firm has a 50 day moving average of $222.71 and a 200 day moving average of $204.27. SAP SE has a 52 week low of $130.63 and a 52 week high of $237.72.

SAP (NYSE:SAP) last released 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 during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that SAP SE will post 4.84 earnings per share for the current fiscal year.

SAP 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.