SAP SE (NYSE:SAP) Stake Cut by Lincluden Management Ltd.

Lincluden Management Ltd. lessened its holdings in shares of SAP SE (NYSE:SAP) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,395 shares of the software maker’s stock after selling 1,081 shares during the quarter. Lincluden Management Ltd.’s holdings in SAP were worth $1,328,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Centricity Wealth Management LLC purchased a new position in SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP during the 4th quarter valued at $27,000. Albion Financial Group UT grew its holdings in shares of SAP by 122.4% during the 4th 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 acquired a new position in shares of SAP in the third quarter worth $42,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of SAP in the third quarter worth $47,000.

SAP Trading Up 0.5 %

NYSE:SAP opened at $284.39 on Tuesday. The company’s 50 day moving average is $266.51 and its 200-day moving average is $242.28. The company has a quick ratio of 1.10, a current ratio of 1.12 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 market cap of $349.37 billion, a price-to-earnings ratio of 99.09, a P/E/G ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

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