West Family Investments Inc. lessened its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 66.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,034 shares of the software maker's stock after selling 4,110 shares during the period. West Family Investments Inc.'s holdings in SAP were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Street Partners LLC increased its holdings in SAP by 1.0% in the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after buying an additional 35 shares in the last quarter. Alaethes Wealth LLC raised its holdings in SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares during the period. D Orazio & Associates Inc. boosted its position in SAP by 3.1% during the first quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock worth $367,000 after purchasing an additional 41 shares in the last quarter. Principal Securities Inc. increased its position in shares of SAP by 0.5% in the first quarter. Principal Securities Inc. now owns 8,825 shares of the software maker's stock valued at $2,173,000 after buying an additional 42 shares in the last quarter. Finally, Warther Private Wealth LLC increased its position in shares of SAP by 2.8% in the first quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker's stock valued at $459,000 after buying an additional 47 shares in the last quarter.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on SAP shares. UBS Group raised shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Barclays reiterated an "overweight" rating and issued a $308.00 target price (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. BMO Capital Markets upped their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Argus reissued a "buy" rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Finally, JMP Securities reiterated a "market outperform" rating and set a $330.00 price target on shares of SAP in a research report on Friday, May 23rd. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $271.83.
Check Out Our Latest Report on SAP
SAP Trading Up 0.8%
NYSE SAP traded up $2.36 on Thursday, reaching $308.38. 1,388,966 shares of the company were exchanged, compared to its average volume of 1,098,791. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $299.28 and its 200 day moving average price is $280.32. The stock has a market capitalization of $378.85 billion, a P/E ratio of 59.08, a price-to-earnings-growth ratio of 4.27 and a beta of 1.30. SAP SE has a fifty-two week low of $194.93 and a fifty-two week high of $313.28.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. Analysts forecast that SAP SE will post 6.55 earnings per share for the current year.
SAP Profile
(
Free Report)
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.
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