Janney Capital Management LLC Sells 564 Shares of SAP SE (NYSE:SAP)

Janney Capital Management LLC trimmed its holdings in SAP SE (NYSE:SAP) by 29.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,360 shares of the software maker’s stock after selling 564 shares during the quarter. Janney Capital Management LLC’s holdings in SAP were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of SAP by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock valued at $9,232,000 after purchasing an additional 1,158 shares in the last quarter. Blair William & Co. IL grew its holdings in SAP by 144.0% during the 2nd quarter. Blair William & Co. IL now owns 3,084 shares of the software maker’s stock valued at $622,000 after buying an additional 1,820 shares in the last quarter. Hsbc Holdings PLC increased its stake in SAP by 57.0% in the 2nd quarter. Hsbc Holdings PLC now owns 5,643 shares of the software maker’s stock worth $1,139,000 after acquiring an additional 2,048 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of SAP by 12.1% during the 2nd quarter. AE Wealth Management LLC now owns 6,878 shares of the software maker’s stock worth $1,387,000 after acquiring an additional 741 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in shares of SAP by 660.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 42,688 shares of the software maker’s stock valued at $8,611,000 after acquiring an additional 37,077 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SAP. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. JMP Securities lifted their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $263.17.

SAP Stock Up 1.3 %

Shares of NYSE:SAP opened at $272.91 on Thursday. The firm has a market capitalization of $335.27 billion, a PE ratio of 109.16, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22. The business has a 50 day simple moving average of $246.91 and a two-hundred day simple moving average of $229.16. SAP SE has a 1 year low of $161.07 and a 1 year high of $275.10. 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 (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. SAP’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that SAP SE will post 4.66 EPS 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.