Y Intercept Hong Kong Ltd Sells 2,904 Shares of SAP SE (NYSE:SAP)

Y Intercept Hong Kong Ltd reduced its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 46.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,329 shares of the software maker's stock after selling 2,904 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in SAP were worth $820,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Centricity Wealth Management LLC bought a new stake in shares of SAP during the fourth quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP during the 4th quarter worth approximately $27,000. Albion Financial Group UT boosted its stake in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares during the period. Brooklyn Investment Group bought a new stake in SAP in the 3rd quarter valued at $42,000. Finally, Prospera Private Wealth LLC bought a new position in SAP during the 3rd quarter worth $47,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Barclays increased their price target on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Finally, TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP currently has a consensus rating of "Buy" and a consensus target price of $248.83.

SAP Price Performance

SAP traded up $5.81 during trading on Monday, hitting $280.81. 1,816,577 shares of the stock traded hands, compared to its average volume of 1,085,050. The business has a 50 day moving average price of $269.19 and a 200 day moving average price of $244.29. 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 twelve month low of $175.08 and a twelve month high of $293.70. The company has a market cap of $344.98 billion, a price-to-earnings ratio of 97.84, a PEG ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly 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%. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal 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.