Davis Selected Advisers Sells 1,868 Shares of SAP SE (NYSE:SAP)

Davis Selected Advisers lessened its stake in SAP SE (NYSE:SAP) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 97,487 shares of the software maker’s stock after selling 1,868 shares during the period. Davis Selected Advisers’ holdings in SAP were worth $24,002,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Centricity Wealth Management LLC purchased a new stake in shares of SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT increased its position in shares of SAP by 122.4% during the fourth 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 during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of SAP during the fourth quarter valued at approximately $42,000. Finally, Brooklyn Investment Group purchased a new stake in shares of SAP during the third quarter valued at approximately $42,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Barclays raised their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Price Performance

Shares of NYSE SAP opened at $276.43 on Friday. The stock has a market cap of $339.60 billion, a PE ratio of 96.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The stock has a fifty day moving average of $272.04 and a 200-day moving average of $246.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

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 net margin of 9.17% and a return on equity of 12.18%. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

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.