Stephens Inc. AR Cuts Stake in SAP SE (NYSE:SAP)

Stephens Inc. AR lessened its stake in shares of SAP SE (NYSE:SAP) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,126 shares of the software maker’s stock after selling 343 shares during the period. Stephens Inc. AR’s holdings in SAP were worth $1,016,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Godsey & Gibb Inc. purchased a new position in shares of SAP during the 3rd quarter valued at $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the fourth quarter valued at about $27,000. Albion Financial Group UT boosted its position in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the period. Brooklyn Investment Group purchased a new position in shares of SAP in the third quarter worth about $42,000. Finally, Financial Management Professionals Inc. raised its position in shares of 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 purchasing an additional 103 shares during the period.

SAP Stock Up 0.9 %

SAP opened at $293.64 on Friday. The business’s fifty day simple moving average is $260.76 and its 200 day simple moving average is $237.35. SAP SE has a 52 week low of $174.88 and a 52 week high of $293.70. 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 stock has a market cap of $360.73 billion, a PE ratio of 102.31, a P/E/G ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS 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%. As a group, research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on SAP shares. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. 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. 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. Finally, BMO Capital Markets lifted their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target 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.