Sap Se Spons Adr (SAP) Holder Janney Capital Management Has Lowered Its Position by $336,000; Broadridge Finl Solutions In (BR) Shareholder Picton Mahoney Asset Management Trimmed Its Position by $316,100

June 2, 2018 - By Louis Casey

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Picton Mahoney Asset Management decreased its stake in Broadridge Finl Solutions In (BR) by 9.32% based on its latest 2018Q1 regulatory filing with the SEC. Picton Mahoney Asset Management sold 2,900 shares as the company’s stock rose 14.80% while stock markets declined. The institutional investor held 28,200 shares of the miscellaneous company at the end of 2018Q1, valued at $3.09 million, down from 31,100 at the end of the previous reported quarter. Picton Mahoney Asset Management who had been investing in Broadridge Finl Solutions In for a number of months, seems to be less bullish one the $13.71 billion market cap company. The stock increased 0.72% or $0.83 during the last trading session, reaching $116.28. About 758,085 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 52.96% since June 2, 2017 and is uptrending. It has outperformed by 40.39% the S&P500.

Janney Capital Management Llc decreased its stake in Sap Se Spons Adr (SAP) by 1.89% based on its latest 2018Q1 regulatory filing with the SEC. Janney Capital Management Llc sold 3,200 shares as the company’s stock rose 8.28% while stock markets declined. The institutional investor held 165,786 shares of the prepackaged software company at the end of 2018Q1, valued at $17.43M, down from 168,986 at the end of the previous reported quarter. Janney Capital Management Llc who had been investing in Sap Se Spons Adr for a number of months, seems to be less bullish one the $135.14B market cap company. The stock increased 0.83% or $0.94 during the last trading session, reaching $113.73. About 518,115 shares traded. SAP SE (NYSE:SAP) has risen 6.76% since June 2, 2017 and is uptrending. It has underperformed by 5.81% the S&P500.

Analysts await SAP SE (NYSE:SAP) to report earnings on July, 19. They expect $0.98 earnings per share, up 28.95% or $0.22 from last year’s $0.76 per share. SAP’s profit will be $1.16 billion for 29.01 P/E if the $0.98 EPS becomes a reality. After $0.82 actual earnings per share reported by SAP SE for the previous quarter, Wall Street now forecasts 19.51% EPS growth.

Janney Capital Management Llc, which manages about $3.30B and $2.30B US Long portfolio, upped its stake in Bp Plc Spons Adr (NYSE:BP) by 494,341 shares to 499,255 shares, valued at $20.24 million in 2018Q1, according to the filing. It also increased its holding in Zimmer Biomet Hldgs Inc (ZMH) by 3,631 shares in the quarter, for a total of 144,841 shares, and has risen its stake in Vaneck Fallen Angels Etf.

Among 21 analysts covering Sap Ag (NYSE:SAP), 13 have Buy rating, 1 Sell and 7 Hold. Therefore 62% are positive. Sap Ag had 62 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, January 11 by Wells Fargo. The stock of SAP SE (NYSE:SAP) earned “Market Perform” rating by BMO Capital Markets on Wednesday, January 25. The firm has “Buy” rating given on Wednesday, June 7 by Oppenheimer. The company was maintained on Monday, July 17 by RBC Capital Markets. The stock of SAP SE (NYSE:SAP) earned “Mkt Perform” rating by FBR Capital on Monday, January 25. BMO Capital Markets initiated the stock with “Hold” rating in Friday, October 20 report. JMP Securities maintained the shares of SAP in report on Wednesday, January 11 with “Mkt Outperform” rating. Stifel Nicolaus maintained the stock with “Sell” rating in Tuesday, October 10 report. The stock has “Market Weight” rating by Cowen & Co on Friday, January 12. The firm has “Buy” rating given on Thursday, July 20 by Oppenheimer.

More notable recent SAP SE (NYSE:SAP) news were published by: Businesswire.com which released: “Accenture Teams with SAP to Help High-Tech Companies Create Digital As-a-Service Business Models Quickly and …” on May 08, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For June 1, 2018” published on June 01, 2018, Prnewswire.com published: “SAP Brings Built-In Support to SAP S/4HANA® Cloud” on May 17, 2018. More interesting news about SAP SE (NYSE:SAP) were released by: Businesswire.com and their article: “Workiva Signs OEM Agreement with SAP to Offer SAP® Cloud Platform Integration with the Workiva Wdesk Platform” published on May 24, 2018 as well as Businesswire.com‘s news article titled: “SAP Ariba and SAP Fieldglass Positioned as a Leader in 2018 Gartner Magic Quadrant for Procure-to-Pay Suites” with publication date: June 01, 2018.

Picton Mahoney Asset Management, which manages about $1.39B US Long portfolio, upped its stake in Servicemaster Global Hldgs I (NYSE:SERV) by 94,800 shares to 183,300 shares, valued at $9.32M in 2018Q1, according to the filing. It also increased its holding in Comerica Inc (NYSE:CMA) by 129,100 shares in the quarter, for a total of 269,100 shares, and has risen its stake in Ishares Tr (IVE).

Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on August, 9. They expect $1.88 earnings per share, up 9.94% or $0.17 from last year’s $1.71 per share. BR’s profit will be $221.69 million for 15.46 P/E if the $1.88 EPS becomes a reality. After $1.00 actual earnings per share reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts 88.00% EPS growth.

More recent Broadridge Financial Solutions, Inc. (NYSE:BR) news were published by: Globenewswire.com which released: “Research Report Identifies Broadridge Financial Solutions, Pacific Ethanol, MAG Silver, Playa Hotels & Resorts NV …” on May 31, 2018. Also Globenewswire.com published the news titled: “Broadridge to Participate at Upcoming Investor Conferences” on May 23, 2018. Investorplace.com‘s news article titled: “How to Play Blockchain Without Getting Burned” with publication date: May 30, 2018 was also an interesting one.

Among 7 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Broadridge Financial Solutions had 19 analyst reports since August 14, 2015 according to SRatingsIntel. As per Wednesday, August 10, the company rating was maintained by Barclays Capital. As per Thursday, November 9, the company rating was maintained by Barclays Capital. Zacks upgraded Broadridge Financial Solutions, Inc. (NYSE:BR) on Friday, August 14 to “Sell” rating. The company was maintained on Friday, August 14 by JP Morgan. The rating was maintained by Barclays Capital on Friday, February 9 with “Equal-Weight”. The stock has “Overweight” rating by Barclays Capital on Monday, November 2. The rating was upgraded by Avondale to “Market Outperform” on Friday, January 8. On Tuesday, September 13 the stock rating was initiated by Atlantic Securities with “Overweight”. The stock has “Hold” rating by Sandler O’Neill on Thursday, September 29. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Market Perform” rating by Avondale on Wednesday, June 15.

Broadridge Financial Solutions, Inc. (NYSE:BR) Institutional Positions Chart

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