AMJ Financial Wealth Management Sells 1,857 Shares of SAP SE (NYSE:SAP)

AMJ Financial Wealth Management trimmed its holdings in SAP SE (NYSE:SAP) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,988 shares of the software maker’s stock after selling 1,857 shares during the period. SAP comprises about 2.9% of AMJ Financial Wealth Management’s investment portfolio, making the stock its 10th largest holding. AMJ Financial Wealth Management’s holdings in SAP were worth $10,338,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SAP. Janney Capital Management LLC increased its position in shares of SAP by 4.4% during the third quarter. Janney Capital Management LLC now owns 1,924 shares of the software maker’s stock worth $441,000 after acquiring an additional 81 shares in the last quarter. Pure Financial Advisors LLC bought a new position in SAP during the 3rd quarter worth about $232,000. Janney Montgomery Scott LLC increased its holdings in SAP by 0.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 62,580 shares of the software maker’s stock worth $14,337,000 after purchasing an additional 568 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of SAP by 4.5% in the 3rd quarter. QRG Capital Management Inc. now owns 89,751 shares of the software maker’s stock valued at $20,562,000 after purchasing an additional 3,892 shares during the period. Finally, PDS Planning Inc lifted its holdings in shares of SAP by 1.3% in the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after purchasing an additional 51 shares in the last quarter.

SAP Stock Performance

Shares of SAP opened at $280.81 on Tuesday. The company has a market cap of $344.98 billion, a PE ratio of 97.84, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. The firm has a 50-day moving average of $269.83 and a 200-day moving average of $244.75. SAP SE has a one year low of $175.08 and a one year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last posted 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%. As a group, equities analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SAP. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets lifted their price target on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Barclays boosted their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, TD Cowen upgraded 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 report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus target price of $248.83.

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.