SAP SE (NYSE:SAP) Shares Sold by Callan Capital LLC

Callan Capital LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,183 shares of the software maker’s stock after selling 124 shares during the period. Callan Capital LLC’s holdings in SAP were worth $1,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Centricity Wealth Management LLC acquired a new position in shares of SAP in the fourth quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the 4th quarter worth about $27,000. Albion Financial Group UT raised its stake in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new position in SAP in the 3rd quarter valued at about $42,000. Finally, Financial Management Professionals Inc. boosted its stake in shares of SAP by 104.0% during the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after purchasing an additional 103 shares during the last quarter.

SAP Price Performance

Shares of SAP stock opened at $282.87 on Friday. The business’s fifty day moving average price is $265.88 and its 200 day moving average price is $241.18. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $347.50 billion, a P/E ratio of 98.56, a PEG ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last released its quarterly earnings data 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 12.18%. As a group, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SAP shares. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets raised their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, JMP Securities increased 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. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $248.83.

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.