Raymond James & Associates Has $129.65 Million Stock Holdings in SAP SE (NYSE:SAP)

Raymond James & Associates trimmed its holdings in shares of SAP SE (NYSE:SAP) by 10.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 565,930 shares of the software maker’s stock after selling 66,031 shares during the period. Raymond James & Associates’ holdings in SAP were worth $129,654,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SAP. Blue Trust Inc. raised its holdings in shares of SAP by 144.5% during the third quarter. Blue Trust Inc. now owns 5,785 shares of the software maker’s stock worth $1,325,000 after acquiring an additional 3,419 shares in the last quarter. Net Worth Advisory Group acquired a new position in SAP in the 3rd quarter valued at $360,000. Trust Point Inc. grew its holdings in SAP by 12.1% in the 3rd quarter. Trust Point Inc. now owns 1,211 shares of the software maker’s stock valued at $277,000 after buying an additional 131 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in SAP by 20.5% during the third quarter. Aaron Wealth Advisors LLC now owns 8,089 shares of the software maker’s stock worth $1,853,000 after acquiring an additional 1,374 shares during the period. Finally, Claro Advisors LLC raised its position in shares of SAP by 42.1% during the third quarter. Claro Advisors LLC now owns 2,030 shares of the software maker’s stock valued at $465,000 after buying an additional 601 shares during the last quarter.

SAP Stock Performance

NYSE:SAP opened at $230.44 on Friday. The company has a market cap of $283.10 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 4.46 and a beta of 1.25. SAP SE has a fifty-two week low of $130.08 and a fifty-two week high of $232.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day moving average price of $221.38 and a 200-day moving average price of $203.42.

SAP (NYSE:SAP) last released its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. As a group, equities analysts anticipate that SAP SE will post 4.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays lifted their price objective on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets lowered SAP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. TD Cowen upped their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, JMP Securities boosted their price target on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $232.17.

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.