SAP SE (NYSE:SAP) Shares Sold by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,401 shares of the software maker’s stock after selling 225 shares during the period. Phillips Wealth Planners LLC’s holdings in SAP were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SAP. FMR LLC boosted its holdings in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. International Assets Investment Management LLC acquired a new position in SAP in the third quarter valued at approximately $40,573,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after acquiring an additional 142,270 shares during the last quarter. Marshall Wace LLP acquired a new position in SAP in the second quarter valued at approximately $21,479,000. Finally, Mediolanum International Funds Ltd acquired a new position in SAP in the third quarter valued at approximately $17,376,000.

SAP Stock Up 1.3 %

Shares of NYSE SAP opened at $272.91 on Thursday. The stock has a market cap of $335.27 billion, a P/E ratio of 109.16, a PEG ratio of 3.82 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 12-month low of $161.07 and a 12-month high of $275.10. The business’s fifty day simple moving average is $246.91 and its 200-day simple moving average is $229.16.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 earnings per share. As a group, equities analysts predict that SAP SE will post 4.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities upped their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and a consensus target price of $263.17.

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.