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

Callan Capital LLC lowered its stake in SAP SE (NYSE:SAP) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,183 shares of the software maker’s stock after selling 124 shares during the quarter. Callan Capital LLC’s holdings in SAP were worth $1,276,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Centricity Wealth Management LLC purchased a new position in SAP in the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the fourth quarter worth $27,000. Albion Financial Group UT boosted its stake in shares of SAP by 122.4% in the fourth 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 period. Brooklyn Investment Group purchased a new position in shares of SAP in the third quarter valued at $42,000. Finally, Financial Management Professionals Inc. increased its stake in 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 buying an additional 103 shares during the period.

SAP Stock Performance

SAP stock opened at $282.87 on Friday. The stock’s 50 day simple moving average is $265.88 and its 200 day simple moving average is $241.18. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The firm has a market cap of $347.50 billion, a P/E ratio of 98.56, a P/E/G ratio of 4.71 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and an average 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.