Modern Wealth Management LLC Has $201,000 Position in SAP SE (NYSE:SAP)

Modern Wealth Management LLC trimmed its stake in shares of SAP SE (NYSE:SAP) by 32.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 817 shares of the software maker’s stock after selling 392 shares during the quarter. Modern Wealth Management LLC’s holdings in SAP were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its holdings in shares of SAP by 79.1% during the third quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker’s stock worth $852,000 after buying an additional 1,642 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in SAP by 24.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 65,732 shares of the software maker’s stock worth $15,059,000 after purchasing an additional 12,948 shares in the last quarter. Bank of Montreal Can raised its position in SAP by 6.8% in the third quarter. Bank of Montreal Can now owns 176,571 shares of the software maker’s stock valued at $40,258,000 after purchasing an additional 11,188 shares during the last quarter. D.A. Davidson & CO. bought a new position in SAP in the third quarter valued at about $296,000. Finally, Quantbot Technologies LP grew its holdings in shares of SAP by 248.5% during the third quarter. Quantbot Technologies LP now owns 4,959 shares of the software maker’s stock worth $1,136,000 after purchasing an additional 3,536 shares during the last quarter.

SAP Price Performance

SAP stock opened at $267.83 on Friday. 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 company’s fifty day simple moving average is $277.05 and its 200 day simple moving average is $251.46. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The firm has a market cap of $329.03 billion, a price-to-earnings ratio of 93.32, a PEG ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAP. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Barclays raised their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. BMO Capital Markets boosted their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen raised 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 upped their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Company 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.