SAP SE (NYSE:SAP) Shares Sold by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. decreased its holdings in SAP SE (NYSE:SAP) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,138 shares of the software maker’s stock after selling 136 shares during the quarter. Legacy Capital Group California Inc.’s holdings in SAP were worth $280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of SAP in the 4th quarter valued at approximately $290,023,000. Principal Financial Group Inc. boosted its stake in SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares in the last quarter. JPMorgan Chase & Co. grew its position in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after purchasing an additional 7,667 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after purchasing an additional 23,352 shares in the last quarter.

SAP Trading Down 1.8 %

Shares of NYSE:SAP opened at $282.87 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The business has a 50 day moving average of $265.88 and a two-hundred day moving average of $241.18. The company has a market capitalization of $347.50 billion, a PE ratio of 98.56, a PEG ratio of 4.72 and a beta of 1.23.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, analysts forecast that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets lifted their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. 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. Finally, Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has a consensus rating of “Buy” and a consensus target price of $248.83.

About SAP

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.