Procyon Advisors LLC lessened its position in shares of SAP SE (NYSE:SAP - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,522 shares of the software maker's stock after selling 1,714 shares during the quarter. Procyon Advisors LLC's holdings in SAP were worth $3,083,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Wedmont Private Capital raised its position in SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after purchasing an additional 46 shares in the last quarter. Confluence Investment Management LLC grew its stake in shares of SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker's stock valued at $1,065,000 after purchasing an additional 49 shares during the period. PDS Planning Inc raised its holdings in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker's stock worth $915,000 after buying an additional 51 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker's stock worth $252,000 after buying an additional 52 shares during the period. Finally, Drive Wealth Management LLC lifted its position in shares of SAP by 2.9% during the 3rd quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker's stock worth $498,000 after buying an additional 61 shares during the period.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. BMO Capital Markets increased their price objective on SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday. Barclays upped their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Finally, JMP Securities lifted their target price on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 22nd. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has an average rating of "Buy" and a consensus target price of $263.17.
Read Our Latest Stock Analysis on SAP
SAP Price Performance
Shares of SAP traded up $1.16 during mid-day trading on Friday, hitting $262.74. 799,030 shares of the company traded hands, compared to its average volume of 846,095. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $322.77 billion, a price-to-earnings ratio of 105.09, a PEG ratio of 3.56 and a beta of 1.22. The business has a 50-day moving average of $245.68 and a 200 day moving average of $227.91. SAP SE has a one year low of $158.94 and a one year high of $264.71.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 earnings per share. As a group, equities analysts expect that SAP SE will post 4.66 earnings per share for the current fiscal year.
SAP Company Profile
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Free Report)
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.
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