SAP SE (NYSE:SAP) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its stake in shares of SAP SE (NYSE:SAP) by 6.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,915 shares of the software maker’s stock after selling 480 shares during the period. Axxcess Wealth Management LLC’s holdings in SAP were worth $1,703,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SAP. FMR LLC raised its position in SAP by 22.3% during 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 during the period. WCM Investment Management LLC purchased a new stake in shares of SAP during the fourth quarter worth $290,023,000. Raymond James Financial Inc. purchased a new stake in shares of SAP during the fourth quarter worth $150,668,000. Fisher Asset Management LLC grew its holdings in shares of SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after buying an additional 403,956 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SAP by 152.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock worth $101,969,000 after buying an additional 249,824 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SAP shares. BMO Capital Markets upped their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. JMP Securities upped their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Barclays upped their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Price Performance

SAP stock opened at $271.37 on Thursday. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The stock has a market cap of $333.37 billion, a P/E ratio of 94.55, a PEG ratio of 4.71 and a beta of 1.25. The company has a 50-day moving average price of $274.85 and a 200 day moving average price of $248.92. 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 (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates 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 earnings per share 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.