Capital Wealth Planning LLC Sells 4,820 Shares of SAP SE (NYSE:SAP)

Capital Wealth Planning LLC lowered its holdings in shares of SAP SE (NYSE:SAP) by 18.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,179 shares of the software maker’s stock after selling 4,820 shares during the period. Capital Wealth Planning LLC’s holdings in SAP were worth $5,214,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Holocene Advisors LP purchased a new stake in SAP during the 3rd quarter valued at $10,869,000. Atomi Financial Group Inc. boosted its position in SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after buying an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC boosted its position in SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after buying an additional 11,057 shares during the period. JPMorgan Chase & Co. boosted its position in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after buying an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after buying an additional 8,380 shares during the period.

Analysts Set New Price Targets

Several brokerages have weighed in on SAP. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock 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 raised their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, 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 research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Stock Up 0.4 %

Shares of SAP stock opened at $275.68 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company has a 50-day moving average of $269.19 and a 200 day moving average of $244.07. The firm has a market cap of $338.68 billion, a price-to-earnings ratio of 96.06, a PEG ratio of 4.71 and a beta of 1.23. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70.

SAP (NYSE:SAP) 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 return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

About SAP

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.