Raymond James Financial Services Advisors Inc. disposes of 1,602 SAP SE shares (NYSE:SAP)
Raymond James Financial Services Advisors Inc. reduced its holdings in SAP SE (NYSE: SAP) during the third quarter by 16.1 percent, as stated in the most recent 13F disclosure that the company filed with the Securities and Exchange Commission (SEC).
After the institutional investor sold 1,602 shares of the software maker’s stock during that period, they ended the period with 8,329 shares of the company’s stock in their possession. The most recent disclosure that Raymond James Financial Services Advisors Inc.
Provided to the Securities and Exchange Commission reveals that the company has an investment in SAP valued at $677,000.
Several additional institutional investors have changed the percentage of the company’s stock that they own as a result of recent events. Calamos Advisors LLC increased the amount of SAP stock owned by 11.9% during the third quarter of 2018.
After making additional purchases during the period, Calamos Advisors LLC is now the proud owner of 8,872 software manufacturers’ stock shares. These purchases were made during the period. The aggregate worth of all of their assets comes to 721,000 dollars.
During the third quarter, Ronald Blue Trust Inc.’s stock holdings in SAP experienced a value increase of 139.9%, making them more valuable overall. Following the acquisition of an additional 1,954 shares during the period, Ronald Blue Trust Inc. now holds a total of 3,351 shares of the software developer’s stock.
Each of these shares has a current market value of $304,000. The company’s continued buying made possible a 10.6% increase in the proportion of SAP stock that Value Partners Investments Inc. owned as of the end of the third quarter. Value Partners Investments Inc. now has 2,622 software manufacturer’s stock shares after acquiring an additional 251 shares during the most recent quarter. The stock is currently valued at a total of $213,000 due to the total number of shares held by the company. The value of Whittier Trust Company’s holdings in SAP increased by 51.5% during the third quarter due to the company buying more of the company’s stock. Whittier Trust Company now has 1,823 shares of the software developer’s company, valued at $148,000, thanks to the purchase of an additional 620 shares during the most recent fiscal quarter.
Last but certainly not least, JFS Wealth Advisors LLC increased its holdings in the company by 25.6% during the third quarter by purchasing additional shares of SAP. JFS Wealth Advisors LLC now has 947 software manufacturer’s stock shares, thanks to purchasing an additional 193 shares during the most recent fiscal quarter. These shares have a value of approximately $77,000 between them.
A total of 5.23 percent of the total shares outstanding in the company are held by hedge funds and other institutional investors.
Recently, several analysts were asked for their opinions concerning the stock price of SAP. Jefferies Financial Group changed its recommendation for SAP on November 17 from a “buy” rating to an “underperform” rating in a research report published that day.
In a research note published on Thursday, January 19, Cowen assigned the company the “market performed” status and increased their price objective on SAP shares from $106.00 to $116.00.
Additionally, the price objective on SAP shares was previously set at $106.00. Oddo Bhf lowered its rating for SAP from “neutral” to “underperform” in a research report published on December 6. Citigroup upgraded SAP’s stock rating from “underperform” to “neutral” and increased their price target for the stock from €95.00 ($103.26) to €100.00 ($108.70), both of which were announced in a research report that was published on October 26.
Both of these adjustments were made about the shares that the company held. StockNews.com changed its recommendation regarding SAP from a “hold” rating to a “buy” recommendation in a report on the company’s performance published on Monday, January 2, 2019.
Eight investment analysts advise clients to purchase company shares, while six others suggest investors maintain their current holdings, and two say investors should sell their shares. The company is currently rated as having a majority opinion of “Hold,” and the average price objective is $112.73, as indicated by data from Bloomberg.com.
The price of SAP stock was $116.71 when Tuesday trading got underway on the NYSE.
In the past year, the price of SAP SE has ranged from a low of $78.12 to a high of $134.35. The current price of SAP SE is $78.12. The debt-to-equity ratio is calculated to be 0.21, the current ratio is calculated to be 1.03, and the quick ratio is also calculated to be 1.03. The stock currently trades at a price-to-earnings ratio of 38.90, a price-to-earnings-to-growth ratio of 1.49, and a beta value of 1.13. The market capitalization of the company is $137.67 billion.
Additionally, the company has a price-to-earnings ratio of 1.49, which is an excellent value. Over the last 50 days, the moving averages for the company are $109.18, while over the last 200 days, they are $96.47.
On Tuesday, October 25, SAP (NYSE: SAP) shared information regarding its most recent quarterly results release with the public. The software company’s quarterly earnings per share (EPS) came in at $0.66, which was $0.12 less than the average forecast of $0.78 per share for the quarter. SAP had a return on equity of 7.82 percent, while the net margin for the company was 10.71 percent. The sales for the company for the quarter came in at $7.90 billion, a significant increase from the $7.48 billion analysts had anticipated the company would bring in.
Professionals in the field of market research have predicted that SAP SE will earn $2.89 per share in 2018.
SAP SE is a company that provides software and services for use in business application environments.
Applications, Technology, Support; Qualtrics; and Services are the names of the three business divisions that the company operates under. The company’s Applications, Technology, and Services divisions are responsible for business operations involving software licensing, cloud storage subscriptions, and support services.