HM Payson & Co. Has $308,000 Stake in SAP SE (NYSE:SAP)

HM Payson & Co. trimmed its holdings in shares of SAP SE (NYSE:SAP) by 32.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249 shares of the software maker’s stock after selling 588 shares during the period. HM Payson & Co.’s holdings in SAP were worth $308,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Centricity Wealth Management LLC acquired a new stake in SAP during the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP in the 4th quarter valued at $27,000. Albion Financial Group UT increased its stake in shares of 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 buying an additional 71 shares during the period. Brooklyn Investment Group acquired a new stake in shares of SAP in the 3rd quarter valued at $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SAP in the 4th quarter valued at $42,000.

SAP Stock Down 1.0 %

NYSE:SAP opened at $276.43 on Monday. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $339.60 billion, a P/E ratio of 96.32, a P/E/G ratio of 4.71 and a beta of 1.25. The stock’s fifty day simple moving average is $272.04 and its 200-day simple moving average is $246.51.

SAP (NYSE:SAP) last posted its 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 return on equity of 12.18% and a net margin of 9.17%. Equities research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.