Contravisory Investment Management Inc. Reduces Holdings in SAP SE (NYSE:SAP)

Contravisory Investment Management Inc. lowered its position in shares of SAP SE (NYSE:SAP) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,123 shares of the software maker’s stock after selling 138 shares during the period. Contravisory Investment Management Inc.’s holdings in SAP were worth $276,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. acquired a new stake in SAP during the 3rd quarter worth $25,000. Brooklyn Investment Group purchased a new stake in SAP during the 3rd quarter valued at approximately $42,000. Prospera Private Wealth LLC purchased a new stake in shares of SAP during the third quarter worth approximately $47,000. Versant Capital Management Inc acquired a new stake in shares of SAP in the 4th quarter worth $54,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SAP in the 3rd quarter valued at approximately $59,000.

SAP Stock Up 0.0 %

NYSE:SAP opened at $261.79 on Friday. The company has a market capitalization of $321.61 billion, a price-to-earnings ratio of 104.72, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The stock has a 50-day simple moving average of $244.74 and a 200 day simple moving average of $227.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a one year low of $155.82 and a one year high of $262.87.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. Sell-side analysts predict that SAP SE will post 4.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BMO Capital Markets raised their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen upped their target price on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday. JMP Securities lifted their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays raised their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $252.33.

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.