West Family Investments Inc. Lowers Holdings in SAP SE (NYSE:SAP)

West Family Investments Inc. trimmed its holdings in SAP SE (NYSE:SAP) by 1.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,144 shares of the software maker’s stock after selling 67 shares during the period. West Family Investments Inc.’s holdings in SAP were worth $1,513,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its position in shares of SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after buying an additional 1,866,468 shares in the last quarter. Fisher Asset Management LLC increased its stake in SAP by 8.6% during 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 acquiring an additional 403,956 shares during the last quarter. WCM Investment Management LLC bought a new stake in SAP during the fourth quarter worth approximately $290,023,000. Raymond James Financial Inc. bought a new stake in SAP during the fourth quarter worth approximately $150,668,000. Finally, Principal Financial Group Inc. increased its stake in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after acquiring an additional 4,775 shares during the last quarter.

SAP Stock Down 2.6 %

Shares of NYSE SAP opened at $279.19 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market capitalization of $342.98 billion, a price-to-earnings ratio of 97.28, a PEG ratio of 4.71 and a beta of 1.25. The stock has a 50 day moving average price of $271.52 and a 200 day moving average price of $245.72. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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%. Sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on SAP. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average 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.