Cetera Trust Company N.A Sells 100 Shares of SAP SE (NYSE:SAP)

Cetera Trust Company N.A trimmed its holdings in shares of SAP SE (NYSE:SAP) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,595 shares of the software maker’s stock after selling 100 shares during the quarter. Cetera Trust Company N.A’s holdings in SAP were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. Principal Financial Group Inc. boosted its position in shares of SAP by 0.8% in the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after buying an additional 7,667 shares in the last quarter. Stifel Financial Corp boosted its holdings in SAP by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after buying an additional 23,352 shares during the period. Finally, NewEdge Advisors LLC increased its stake in SAP by 8.6% in the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after buying an additional 15,604 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent analyst reports. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets increased their price objective on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities boosted their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $263.17.

SAP Stock Up 2.0 %

NYSE:SAP opened at $274.57 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a 1-year low of $161.07 and a 1-year high of $275.30. The company has a 50-day moving average of $246.91 and a 200 day moving average of $229.16. The firm has a market cap of $337.31 billion, a PE ratio of 109.76, a price-to-earnings-growth ratio of 3.72 and a beta of 1.22.

SAP (NYSE:SAP) last posted 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). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts anticipate that SAP SE will post 4.66 EPS for the current fiscal year.

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.