SAP SE (NYSE:SAP) Shares Sold by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC cut its holdings in SAP SE (NYSE:SAP) by 13.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,401 shares of the software maker’s stock after selling 225 shares during the period. Phillips Wealth Planners LLC’s holdings in SAP were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SAP. FMR LLC raised its stake in SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of SAP during the third quarter worth about $40,573,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of SAP during the second quarter worth about $21,479,000. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of SAP during the third quarter worth about $17,376,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SAP shares. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities lifted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays raised their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $263.17.

SAP Price Performance

Shares of SAP opened at $272.91 on Thursday. SAP SE has a twelve month low of $161.07 and a twelve month high of $275.10. The stock’s 50 day moving average is $246.91 and its two-hundred day moving average is $229.16. The firm has a market capitalization of $335.27 billion, a PE ratio of 109.16, a P/E/G ratio of 3.82 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the firm posted $1.20 EPS. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts anticipate that SAP SE will post 4.66 earnings per share for the current year.

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.