SOL Capital Management CO Sells 1,100 Shares of SAP SE (NYSE:SAP)

SOL Capital Management CO lowered its stake in shares of SAP SE (NYSE:SAP) by 22.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,758 shares of the software maker’s stock after selling 1,100 shares during the period. SOL Capital Management CO’s holdings in SAP were worth $925,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Holocene Advisors LP purchased a new stake in shares of SAP during the 3rd quarter worth approximately $10,869,000. Atomi Financial Group Inc. grew its holdings in SAP by 38.9% during the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC increased its position in SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after buying an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of SAP by 1.4% in the third 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 during the period. Finally, Benjamin Edwards Inc. lifted its position in shares of SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after buying an additional 8,380 shares during the last quarter.

Analyst Ratings Changes

SAP has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays boosted their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Trading Down 1.1 %

Shares of SAP stock opened at $276.42 on Friday. The company has a market capitalization of $339.58 billion, a PE ratio of 96.31, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. SAP SE has a 52-week low of $173.05 and a 52-week high of $280.53. The business’s fifty day moving average is $253.00 and its 200 day moving average is $232.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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 12.42%. On average, equities research analysts anticipate that SAP SE will post 6.35 EPS for the current fiscal year.

SAP Company 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.