SAP SE (SAP) Stake Lessened by Contravisory Investment Management Inc.
Contravisory Investment Management Inc. reduced its position in shares of SAP SE (NYSE:SAP) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,007 shares of the software maker’s stock after selling 4,952 shares during the quarter. SAP accounts for approximately 1.8% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Contravisory Investment Management Inc.’s holdings in SAP were worth $5,057,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC purchased a new stake in shares of SAP during the 3rd quarter worth about $100,000. Bank of Nova Scotia Trust Co. purchased a new stake in shares of SAP during the 3rd quarter worth about $123,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in shares of SAP during the 3rd quarter worth about $203,000. Boston Advisors LLC purchased a new stake in shares of SAP during the 3rd quarter worth about $209,000. Finally, Glovista Investments LLC purchased a new stake in shares of SAP during the 3rd quarter worth about $216,000. 3.67% of the stock is currently owned by institutional investors and hedge funds.
SAP has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “sell” rating and set a $75.00 target price on shares of SAP in a research note on Thursday, October 12th. BMO Capital Markets reissued a “hold” rating and set a $110.00 target price on shares of SAP in a research note on Friday, October 13th. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a research note on Monday, October 16th. Morgan Stanley reissued a “buy” rating on shares of SAP in a research note on Monday, October 16th. Finally, DZ Bank reissued a “buy” rating on shares of SAP in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $102.55.
SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.12. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. SAP had a net margin of 15.80% and a return on equity of 15.43%. SAP’s quarterly revenue was up 4.0% compared to the same quarter last year. equities analysts anticipate that SAP SE will post 4.13 EPS for the current fiscal year.
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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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