Mission Wealth Management LP Sells 215 Shares of SAP SE (NYSE:SAP)

Mission Wealth Management LP decreased its holdings in SAP SE (NYSE:SAP) by 5.6% in the fourth quarter, Holdings Channel reports. The fund owned 3,635 shares of the software maker’s stock after selling 215 shares during the quarter. Mission Wealth Management LP’s holdings in SAP were worth $895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Centricity Wealth Management LLC purchased a new stake in SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the 4th quarter valued at $27,000. Albion Financial Group UT lifted its position in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new position in SAP during the third quarter worth $42,000. Finally, Prospera Private Wealth LLC bought a new position in SAP during the third quarter valued at $47,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $248.83.

SAP Price Performance

Shares of SAP stock opened at $278.94 on Wednesday. The stock has a market capitalization of $342.68 billion, a price-to-earnings ratio of 97.19, a P/E/G ratio of 4.71 and a beta of 1.23. 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 twelve month low of $175.08 and a twelve month high of $293.70. The stock has a fifty day simple moving average of $270.34 and a two-hundred day simple moving average of $245.19.

SAP (NYSE:SAP) last issued its earnings results 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, analysts predict that SAP SE will post 6.55 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.