Janney Montgomery Scott LLC Sells 2,103 Shares of SAP SE (NYSE:SAP)

Janney Montgomery Scott LLC decreased its holdings in SAP SE (NYSE:SAP) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,477 shares of the software maker’s stock after selling 2,103 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SAP were worth $14,890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SAP. Godsey & Gibb Inc. bought a new position in SAP during the third quarter worth about $25,000. Albion Financial Group UT boosted its position in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new position in SAP in the third quarter valued at $42,000. Financial Management Professionals Inc. grew its holdings in shares of SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of SAP during the 3rd quarter worth approximately $47,000.

SAP Price Performance

SAP stock opened at $276.41 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50-day simple moving average of $249.60 and a two-hundred day simple moving average of $230.50. The company has a market capitalization of $339.56 billion, a P/E ratio of 110.56, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. SAP SE has a 52-week low of $172.32 and a 52-week high of $277.36.

Analysts Set New Price Targets

A number of brokerages have commented on SAP. JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays increased their price target on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $276.00.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.