Net Worth Advisory Group Has $378,000 Stock Holdings in SAP SE (NYSE:SAP)

Net Worth Advisory Group decreased its position in shares of SAP SE (NYSE:SAP) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,534 shares of the software maker’s stock after selling 39 shares during the quarter. Net Worth Advisory Group’s holdings in SAP were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Centricity Wealth Management LLC bought a new stake in shares of SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the 4th quarter valued at $27,000. Albion Financial Group UT raised its holdings in SAP by 122.4% in 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 bought a new stake in shares of SAP during the 3rd quarter valued at $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SAP during the 4th quarter worth $42,000.

SAP Trading Down 0.3 %

NYSE SAP opened at $260.43 on Wednesday. The company has a market cap of $319.94 billion, a price-to-earnings ratio of 90.74, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $272.58 and its 200 day moving average is $247.11.

SAP (NYSE:SAP) last announced 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 net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several recent analyst reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets lifted their price objective 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. JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target 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.