SAP SE (NYSE:SAP) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC cut its stake in shares of SAP SE (NYSE:SAP) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,967 shares of the software maker’s stock after selling 92 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in SAP were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SAP. Centricity Wealth Management LLC acquired a new position in SAP during the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. grew its holdings in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT increased its stake in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in SAP during the 4th quarter worth approximately $42,000.

SAP Stock Performance

Shares of SAP opened at $267.82 on Thursday. The company has a market capitalization of $329.01 billion, a price-to-earnings ratio of 93.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP SE has a 52-week low of $175.08 and a 52-week 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 stock has a 50 day moving average price of $276.82 and a 200 day moving average price of $250.97.

SAP (NYSE:SAP) last issued its earnings results 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%. Research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has an average rating of “Buy” and an average price target 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.