Lindbrook Capital LLC Has $491,000 Holdings in SAP SE (NYSE:SAP)

Lindbrook Capital LLC trimmed its position in SAP SE (NYSE:SAP) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,143 shares of the software maker’s stock after selling 55 shares during the quarter. Lindbrook Capital LLC’s holdings in SAP were worth $491,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Modera Wealth Management LLC grew its position in SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after purchasing an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after buying an additional 51 shares during the period. PDS Planning Inc lifted its stake in SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after acquiring an additional 51 shares in the last quarter. RFP Financial Group LLC boosted its position in SAP by 17.5% during the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after acquiring an additional 52 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after acquiring an additional 52 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the subject of several research reports. Barclays raised their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen increased their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. JMP Securities boosted their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Trading Down 1.1 %

Shares of SAP stock opened at $237.56 on Friday. The business’s 50 day moving average is $227.28 and its two-hundred day moving average is $208.66. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 12 month low of $142.39 and a 12 month high of $243.01. The company has a market cap of $291.84 billion, a PE ratio of 95.02, a price-to-earnings-growth ratio of 4.43 and a beta of 1.25.

SAP (NYSE:SAP) last announced its 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 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the business earned $1.20 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that SAP SE will post 4.9 EPS for the current 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.