Quotient Wealth Partners LLC Trims Position in SAP SE (NYSE:SAP)

Quotient Wealth Partners LLC lowered its holdings in SAP SE (NYSE:SAP) by 40.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,120 shares of the software maker’s stock after selling 763 shares during the period. Quotient Wealth Partners LLC’s holdings in SAP were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SAP. Godsey & Gibb Inc. bought a new position in SAP in the third quarter valued at $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the 4th quarter valued at about $27,000. Albion Financial Group UT lifted its position in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new stake in SAP in the third quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC bought a new position in SAP during the third quarter valued at approximately $47,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SAP. JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Barclays increased their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Trading Down 1.2 %

Shares of SAP opened at $279.76 on Monday. SAP SE has a 1-year low of $173.09 and a 1-year high of $283.90. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $258.32 and its 200-day moving average price is $235.76. The firm has a market capitalization of $343.68 billion, a price-to-earnings ratio of 97.48, a PEG ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last posted 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 net margin of 9.17% and a return on equity of 12.18%. Sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.