SAP SE (NYSE:SAP) Shares Sold by AMJ Financial Wealth Management

AMJ Financial Wealth Management reduced its stake in shares of SAP SE (NYSE:SAP - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,988 shares of the software maker's stock after selling 1,857 shares during the period. SAP accounts for about 2.9% of AMJ Financial Wealth Management's portfolio, making the stock its 10th largest holding. AMJ Financial Wealth Management's holdings in SAP were worth $10,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in SAP. Charles Schwab Investment Management Inc. boosted its stake in SAP by 16.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 76,495 shares of the software maker's stock worth $18,834,000 after buying an additional 10,763 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in SAP by 164.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock worth $660,000 after purchasing an additional 1,667 shares during the period. SBI Securities Co. Ltd. acquired a new position in SAP in the 4th quarter valued at about $186,000. Jones Financial Companies Lllp grew its stake in shares of SAP by 110.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,568 shares of the software maker's stock valued at $386,000 after buying an additional 823 shares during the period. Finally, Modera Wealth Management LLC increased its holdings in shares of SAP by 3.0% during the 4th quarter. Modera Wealth Management LLC now owns 3,864 shares of the software maker's stock worth $951,000 after buying an additional 113 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and increased their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Barclays raised their price target on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has a consensus rating of "Buy" and an average price target of $248.83.

SAP Stock Down 1.3 %

Shares of NYSE:SAP traded down $3.62 during trading hours on Thursday, reaching $283.11. The stock had a trading volume of 257,307 shares, compared to its average volume of 858,452. The stock has a market capitalization of $347.81 billion, a price-to-earnings ratio of 98.57, a P/E/G ratio of 4.71 and a beta of 1.25. The firm's 50 day moving average is $271.00 and its 200-day moving average is $245.49. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP - Get Free Report) last posted 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%. Research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal 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.