Blue Trust Inc. Has $884,000 Stock Holdings in SAP SE (NYSE:SAP)

Blue Trust Inc. cut its stake in shares of SAP SE (NYSE:SAP - Free Report) by 37.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,590 shares of the software maker's stock after selling 2,195 shares during the period. Blue Trust Inc.'s holdings in SAP were worth $884,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new stake in shares of SAP during the third quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the 4th quarter worth about $27,000. Albion Financial Group UT grew its stake in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after buying an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new position in SAP in the third quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC bought a new position in SAP during the third quarter valued at approximately $47,000.

SAP Stock Performance

NYSE:SAP traded down $0.39 during mid-day trading on Thursday, hitting $288.08. 679,233 shares of the company's stock traded hands, compared to its average volume of 1,026,183. The firm has a market capitalization of $353.90 billion, a price-to-earnings ratio of 100.38, a price-to-earnings-growth ratio of 4.79 and a beta of 1.23. The firm has a 50 day moving average of $264.61 and a two-hundred day moving average of $240.26. 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 SE has a 12 month low of $174.88 and a 12 month high of $293.70.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. On average, equities analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on SAP shares. JMP Securities boosted their target price on shares of 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 reiterated an "outperform" rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and raised their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays upped their price target on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has an average rating of "Buy" and a consensus price target of $248.83.

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.