Blue Trust Inc. Trims Stock Holdings in SAP SE (NYSE:SAP)

Blue Trust Inc. decreased its position in SAP SE (NYSE:SAP) by 37.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,590 shares of the software maker’s stock after selling 2,195 shares during the period. Blue Trust Inc.’s holdings in SAP were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning grew its position in SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after purchasing an additional 14,546 shares during the period. Claro Advisors LLC grew its position in SAP by 42.1% during the 3rd quarter. Claro Advisors LLC now owns 2,030 shares of the software maker’s stock worth $465,000 after purchasing an additional 601 shares during the period. Trust Point Inc. grew its position in SAP by 12.1% during the 3rd quarter. Trust Point Inc. now owns 1,211 shares of the software maker’s stock worth $277,000 after purchasing an additional 131 shares during the period. Net Worth Advisory Group acquired a new stake in SAP during the 3rd quarter worth about $360,000. Finally, Veracity Capital LLC acquired a new stake in SAP during the 3rd quarter worth about $247,000.

SAP Trading Down 1.1 %

SAP stock opened at $290.49 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 12-month low of $174.88 and a 12-month high of $293.70. The stock has a market cap of $356.86 billion, a price-to-earnings ratio of 101.21, a PEG ratio of 4.63 and a beta of 1.23. The business’s 50-day moving average is $262.25 and its 200 day moving average is $238.52.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. On average, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on SAP. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays raised their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets raised their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus 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.