SG Americas Securities LLC Decreases Stock Position in SAP SE (NYSE:SAP)

SG Americas Securities LLC trimmed its position in SAP SE (NYSE:SAP) by 92.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,429 shares of the software maker’s stock after selling 16,996 shares during the period. SG Americas Securities LLC’s holdings in SAP were worth $352,000 at the end of the most recent reporting period.

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

SAP Stock Performance

Shares of NYSE SAP opened at $272.39 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $253.80 and its two-hundred day moving average is $233.28. The company has a market cap of $334.63 billion, a P/E ratio of 94.91, a P/E/G ratio of 4.53 and a beta of 1.23. SAP SE has a 12 month low of $173.09 and a 12 month high of $280.53.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities analysts expect that SAP SE will post 6.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SAP shares. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets increased their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $248.83.

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.