Jefferies Group LLC Decreases Stake in SAP SE (SAP)

Jefferies Group LLC trimmed its stake in shares of SAP SE (NYSE:SAP) by 24.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,095 shares of the software maker’s stock after selling 3,349 shares during the period. Jefferies Group LLC’s holdings in SAP were worth $1,134,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. purchased a new position in shares of SAP during the third quarter valued at approximately $123,000. Icon Wealth Partners LLC purchased a new position in shares of SAP during the fourth quarter valued at approximately $149,000. Credit Agricole S A purchased a new position in shares of SAP during the fourth quarter valued at approximately $177,000. South Texas Money Management Ltd. purchased a new position in shares of SAP during the fourth quarter valued at approximately $200,000. Finally, Commerce Bank purchased a new position in shares of SAP during the fourth quarter valued at approximately $200,000. 10.28% of the stock is owned by hedge funds and other institutional investors.

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Several research firms have recently weighed in on SAP. Evercore ISI raised shares of SAP from an “in-line” rating to an “outperform” rating in a report on Monday, March 12th. Stifel Nicolaus reissued a “sell” rating and set a $74.00 price objective (down from $80.00) on shares of SAP in a report on Thursday, March 1st. Citigroup reissued a “buy” rating on shares of SAP in a report on Friday, March 2nd. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a report on Tuesday, March 6th. Finally, Cleveland Research cut shares of SAP from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. SAP currently has a consensus rating of “Buy” and a consensus price target of $104.00.

Shares of SAP SE (NYSE:SAP) opened at $107.52 on Friday. SAP SE has a twelve month low of $96.04 and a twelve month high of $116.90. The company has a market cap of $133,280.41, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 2.97 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 30th. The software maker reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.33. SAP had a net margin of 17.38% and a return on equity of 17.33%. The business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.99 billion. equities research analysts predict that SAP SE will post 4.33 EPS for the current year.

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About SAP

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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