Marks Group Wealth Management Inc Sells 914 Shares of SAP SE (NYSE:SAP)

Marks Group Wealth Management Inc trimmed its position in shares of SAP SE (NYSE:SAP) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,066 shares of the software maker’s stock after selling 914 shares during the period. Marks Group Wealth Management Inc’s holdings in SAP were worth $2,232,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SAP. FMR LLC increased its holdings 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 bought a new stake in shares of SAP in the 4th quarter worth approximately $290,023,000. Principal Financial Group Inc. increased its stake in shares of SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after buying an additional 4,775 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after acquiring an additional 7,667 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in SAP by 12.5% in the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after acquiring an additional 23,352 shares during the period.

SAP Price Performance

Shares of SAP opened at $289.13 on Wednesday. The firm’s 50-day simple moving average is $259.11 and its two-hundred day simple moving average is $236.44. SAP SE has a fifty-two week low of $173.09 and a fifty-two week high of $289.53. The stock has a market cap of $355.20 billion, a PE ratio of 100.74, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of a number of research analyst reports. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.