Marks Group Wealth Management Inc Reduces Position in SAP SE (NYSE:SAP)

Marks Group Wealth Management Inc decreased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,066 shares of the software maker's stock after selling 914 shares during the period. Marks Group Wealth Management Inc's holdings in SAP were worth $2,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAP. Godsey & Gibb Inc. bought a new position in shares of SAP in the 3rd quarter worth approximately $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the 4th quarter valued at approximately $27,000. Albion Financial Group UT increased its position in SAP by 122.4% during 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 purchased a new stake in SAP during the 3rd quarter valued at $42,000. Finally, Financial Management Professionals Inc. boosted its stake in shares of SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker's stock worth $50,000 after buying an additional 103 shares during the last quarter.

Analyst Ratings Changes

SAP has been the topic of a number of recent research reports. Barclays raised their target price on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. BMO Capital Markets raised their price target on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP currently has a consensus rating of "Buy" and an average target price of $248.83.

SAP Trading Down 1.1 %

SAP traded down $3.20 on Friday, hitting $290.49. The company had a trading volume of 783,848 shares, compared to its average volume of 1,074,397. The company has a market cap of $356.86 billion, a PE ratio of 101.21, a PEG ratio of 4.63 and a beta of 1.23. SAP SE has a 12-month low of $174.88 and a 12-month high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business's fifty day simple moving average is $262.25 and its 200 day simple moving average is $238.30.

SAP (NYSE:SAP - Get Free Report) last released 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 return on equity of 12.18% and a net margin of 9.17%. Equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

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.