AMJ Financial Wealth Management Sells 1,857 Shares of SAP SE (NYSE:SAP)

AMJ Financial Wealth Management decreased its holdings in SAP SE (NYSE:SAP) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,988 shares of the software maker’s stock after selling 1,857 shares during the quarter. SAP accounts for approximately 2.9% of AMJ Financial Wealth Management’s holdings, making the stock its 10th biggest holding. AMJ Financial Wealth Management’s holdings in SAP were worth $10,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC raised its stake in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of SAP in the 4th quarter worth about $290,023,000. Fisher Asset Management LLC increased its position in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares in the last quarter. Jennison Associates LLC bought a new position in SAP during the 4th quarter valued at about $47,195,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after buying an additional 142,270 shares in the last quarter.

SAP Price Performance

SAP stock opened at $280.81 on Tuesday. The stock has a market cap of $344.98 billion, a price-to-earnings ratio of 97.84, a P/E/G ratio of 4.71 and a beta of 1.23. SAP SE has a 12-month low of $175.08 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 50-day simple moving average is $269.83 and its 200 day simple moving average is $244.75.

SAP (NYSE:SAP) last issued 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%. As a group, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SAP shares. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets lifted their price objective on 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 upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Finally, JMP Securities increased their price objective 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. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock 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.