Hazlett Burt & Watson Inc. Reduces Holdings in SAP SE (NYSE:SAP)

Hazlett Burt & Watson Inc. reduced its stake in SAP SE (NYSE:SAP) by 21.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 560 shares of the software maker’s stock after selling 150 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in SAP were worth $128,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Modera Wealth Management LLC lifted its holdings in shares of SAP by 1.4% in the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of SAP by 3.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after acquiring an additional 51 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after acquiring an additional 51 shares during the last quarter. RFP Financial Group LLC lifted its holdings in shares of SAP by 17.5% in the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after acquiring an additional 52 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after acquiring an additional 52 shares during the last quarter.

SAP Price Performance

Shares of SAP opened at $232.83 on Tuesday. SAP SE has a twelve month low of $137.77 and a twelve month high of $243.01. The firm’s fifty day simple moving average is $225.84 and its 200-day simple moving average is $207.44. The firm has a market capitalization of $286.03 billion, a price-to-earnings ratio of 93.13, a PEG ratio of 4.46 and a beta of 1.25. 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 (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts forecast that SAP SE will post 4.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen increased their target price on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, JMP Securities increased their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and an average target price of $252.33.

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.