Schechter Investment Advisors LLC Lowers Stake in SAP SE (NYSE:SAP)

Schechter Investment Advisors LLC lowered its position in SAP SE (NYSE:SAP - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,505 shares of the software maker's stock after selling 3,191 shares during the quarter. Schechter Investment Advisors LLC's holdings in SAP were worth $3,079,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SAP. FMR LLC increased its position in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. WCM Investment Management LLC purchased a new position in SAP during the fourth quarter valued at approximately $290,023,000. Fisher Asset Management LLC raised its stake in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after buying an additional 403,956 shares in the last quarter. Jennison Associates LLC purchased a new stake in SAP during the fourth quarter worth $47,195,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker's stock valued at $37,648,000 after acquiring an additional 142,270 shares in the last quarter.

Analysts Set New Price Targets

SAP has been the subject of several recent research reports. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, BMO Capital Markets raised their target price on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $248.83.

SAP Stock Performance

NYSE:SAP traded up $5.81 during trading hours on Monday, hitting $280.81. 1,914,190 shares of the company were exchanged, compared to its average volume of 1,093,865. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The stock has a market capitalization of $344.98 billion, a price-to-earnings ratio of 97.84, a PEG ratio of 4.71 and a beta of 1.23. The company's 50 day moving average price is $269.19 and its 200-day moving average price is $244.29.

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 for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Company 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.