Foresight Global Investors Inc. Sells 8,937 Shares of SAP SE (NYSE:SAP)

Foresight Global Investors Inc. trimmed its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,089 shares of the software maker's stock after selling 8,937 shares during the quarter. SAP accounts for about 19.1% of Foresight Global Investors Inc.'s portfolio, making the stock its largest position. Foresight Global Investors Inc.'s holdings in SAP were worth $26,120,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Centricity Wealth Management LLC purchased a new stake in shares of SAP during the fourth quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. increased its stake in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT raised its holdings in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after buying an additional 71 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of SAP during the third quarter worth $42,000.

SAP Stock Performance

NYSE:SAP traded up $1.00 during trading hours on Friday, reaching $272.69. The company had a trading volume of 1,275,050 shares, compared to its average volume of 905,182. The firm has a market cap of $335.00 billion, a PE ratio of 95.01, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The business's 50 day moving average price is $275.63 and its 200-day moving average price is $249.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

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SAP (NYSE:SAP - Get Free Report) last posted its earnings results 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 net margin of 9.17% and a return on equity of 12.18%. Research analysts forecast that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SAP shares. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and increased their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $248.83.

SAP 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.