Davis Selected Advisers Reduces Stock Position in SAP SE (NYSE:SAP)

Davis Selected Advisers cut its stake in SAP SE (NYSE:SAP - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,487 shares of the software maker's stock after selling 1,868 shares during the period. Davis Selected Advisers' holdings in SAP were worth $24,002,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock valued at $140,111,000 after purchasing an additional 4,775 shares during the period. Portside Wealth Group LLC lifted its stake in SAP by 5.1% in the third quarter. Portside Wealth Group LLC now owns 7,999 shares of the software maker's stock valued at $1,833,000 after buying an additional 389 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of SAP in the third quarter valued at approximately $356,000. Mesirow Financial Investment Management Inc. grew its position in shares of SAP by 10.8% during the third quarter. Mesirow Financial Investment Management Inc. now owns 1,326 shares of the software maker's stock worth $304,000 after acquiring an additional 129 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of SAP by 47.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 91,375 shares of the software maker's stock valued at $20,934,000 after acquiring an additional 29,364 shares during the period.

SAP Stock Performance

NYSE:SAP traded up $3.52 during mid-day trading on Wednesday, reaching $264.19. The stock had a trading volume of 1,099,194 shares, compared to its average volume of 876,097. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The business has a 50 day simple moving average of $272.58 and a 200 day simple moving average of $247.11. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The firm has a market capitalization of $324.56 billion, a price-to-earnings ratio of 92.05, a PEG ratio of 4.71 and a beta of 1.25.

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SAP (NYSE:SAP - Get Free Report) 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 net margin of 9.17% and a return on equity of 12.18%. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SAP. JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. BMO Capital Markets increased their target price on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Finally, TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and lifted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Ten investment 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.

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.