Orion Portfolio Solutions LLC Lowers Holdings in SAP SE (NYSE:SAP)

Orion Portfolio Solutions LLC lowered its position in shares of SAP SE (NYSE:SAP) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,276 shares of the software maker’s stock after selling 2,558 shares during the period. Orion Portfolio Solutions LLC’s holdings in SAP were worth $10,901,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SAP. Centricity Wealth Management LLC purchased a new position in SAP during the 4th quarter valued at about $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. increased its holdings in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after buying an additional 108 shares during the period. Albion Financial Group UT lifted its holdings in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in SAP during the third quarter worth $42,000.

SAP Trading Down 0.1 %

NYSE:SAP opened at $267.83 on Friday. The company has a market capitalization of $329.03 billion, a P/E ratio of 93.32, a PEG ratio of 4.71 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The firm has a fifty day simple moving average of $277.05 and a 200-day simple moving average of $251.46.

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

Analyst Upgrades and Downgrades

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