Wells Fargo & Company MN Has $155.90 Million Stake in SAP SE (NYSE:SAP)

Wells Fargo & Company MN lessened its holdings in shares of SAP SE (NYSE:SAP) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,267,431 shares of the software maker’s stock after selling 13,411 shares during the period. Wells Fargo & Company MN owned approximately 0.10% of SAP worth $155,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC purchased a new position in SAP during the 2nd quarter worth $102,000. First Hawaiian Bank acquired a new stake in shares of SAP during the 3rd quarter worth about $134,000. BSW Wealth Partners acquired a new stake in shares of SAP in the second quarter worth approximately $200,000. Grove Bank & Trust acquired a new stake in shares of SAP in the second quarter worth approximately $212,000. Finally, ELCO Management Co. LLC acquired a new stake in shares of SAP in the second quarter worth approximately $220,000. 4.42% of the stock is owned by institutional investors.

NYSE:SAP traded up $1.61 during mid-day trading on Monday, hitting $105.29. The company had a trading volume of 666,859 shares, compared to its average volume of 973,137. The firm has a market capitalization of $127.37 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.30 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25. SAP SE has a fifty-two week low of $98.83 and a fifty-two week high of $127.16.

SAP (NYSE:SAP) last announced its earnings results on Thursday, October 18th. The software maker reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.99 billion. SAP had a return on equity of 17.64% and a net margin of 17.57%. SAP’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. Sell-side analysts predict that SAP SE will post 4.29 earnings per share for the current year.

A number of research firms have recently issued reports on SAP. Zacks Investment Research upgraded shares of SAP from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. JPMorgan Chase & Co. reissued a “buy” rating on shares of SAP in a report on Monday, September 17th. DZ Bank reissued a “buy” rating on shares of SAP in a report on Thursday, September 27th. Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a research report on Thursday, October 18th. Finally, ValuEngine cut SAP from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.89.

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SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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