Avity Investment Management Inc. Has $441,000 Holdings in SAP SE (NYSE:SAP)

Avity Investment Management Inc. trimmed its position in shares of SAP SE (NYSE:SAP) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,790 shares of the software maker’s stock after selling 200 shares during the quarter. Avity Investment Management Inc.’s holdings in SAP were worth $441,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SAP. Godsey & Gibb Inc. acquired a new position in SAP during the third quarter worth $25,000. Brooklyn Investment Group bought a new stake in shares of SAP during the third quarter worth about $42,000. Prospera Private Wealth LLC bought a new stake in shares of SAP during the third quarter worth about $47,000. Versant Capital Management Inc acquired a new stake in shares of SAP in the 4th quarter worth about $54,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in SAP in the 3rd quarter valued at about $59,000.

SAP Stock Performance

NYSE SAP opened at $253.20 on Wednesday. The company has a market capitalization of $311.06 billion, a PE ratio of 101.28, a price-to-earnings-growth ratio of 4.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a 52-week low of $155.82 and a 52-week high of $256.13. The company has a 50-day simple moving average of $244.13 and a 200 day simple moving average of $226.99.

SAP (NYSE:SAP) last released its earnings results 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). The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. On average, research analysts predict that SAP SE will post 4.8 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of recent research reports. Barclays boosted their price objective on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen upped their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. JMP Securities raised their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Company 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.