Euro Pacific Asset Management LLC Sells 64 Shares of SAP SE (NYSE:SAP)

Euro Pacific Asset Management LLC decreased its holdings in shares of SAP SE (NYSE:SAP) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,679 shares of the software maker’s stock after selling 64 shares during the period. Euro Pacific Asset Management LLC’s holdings in SAP were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. Godsey & Gibb Inc. bought a new position in shares of SAP during the third quarter valued at approximately $25,000. Albion Financial Group UT boosted its holdings in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new position in SAP during the 3rd quarter valued at $42,000. Prospera Private Wealth LLC bought a new position in SAP in the 3rd quarter worth $47,000. Finally, Financial Management Professionals Inc. lifted its position in shares of SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after purchasing an additional 103 shares during the period.

SAP Stock Performance

NYSE:SAP opened at $276.41 on Friday. The stock has a 50-day moving average price of $248.64 and a 200 day moving average price of $229.78. The stock has a market capitalization of $339.56 billion, a P/E ratio of 110.56, a P/E/G ratio of 3.89 and a beta of 1.22. SAP SE has a 12-month low of $172.32 and a 12-month high of $277.36. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAP. Barclays increased their price objective on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities raised their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $264.50.

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.