MMA Asset Management LLC Sells 2,960 Shares of SAP SE (NYSE:SAP)

MMA Asset Management LLC reduced its holdings in shares of SAP SE (NYSE:SAP) by 50.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,960 shares of the software maker’s stock after selling 2,960 shares during the period. MMA Asset Management LLC’s holdings in SAP were worth $729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centricity Wealth Management LLC bought a new stake in SAP during the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP during the 4th quarter valued at $27,000. Albion Financial Group UT raised its position in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group bought a new stake in SAP during the 3rd quarter valued at $42,000. Finally, Prospera Private Wealth LLC bought a new stake in SAP during the 3rd quarter valued at $47,000.

SAP Stock Up 0.4 %

Shares of SAP stock opened at $275.68 on Friday. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The stock’s fifty day moving average price is $269.19 and its 200 day moving average price is $244.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company has a market cap of $338.68 billion, a price-to-earnings ratio of 96.06, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last announced its earnings results 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 return on equity of 12.18% and a net margin of 9.17%. On average, research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on SAP. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets boosted 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. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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.