SAP SE (NYSE:SAP) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in SAP SE (NYSE:SAP) by 8.0% during the 4th quarter, HoldingsChannel reports. The fund owned 84,067 shares of the software maker’s stock after selling 7,308 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in SAP were worth $20,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAP. Davies Financial Advisors Inc. purchased a new position in shares of SAP during the 4th quarter valued at approximately $336,000. Mitchell & Pahl Private Wealth LLC lifted its holdings in SAP by 3.4% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 5,139 shares of the software maker’s stock worth $1,265,000 after acquiring an additional 168 shares during the last quarter. Ballentine Partners LLC boosted its stake in SAP by 12.7% in the fourth quarter. Ballentine Partners LLC now owns 7,216 shares of the software maker’s stock valued at $1,777,000 after acquiring an additional 813 shares during the period. Pure Financial Advisors LLC grew its holdings in shares of SAP by 7.7% during the fourth quarter. Pure Financial Advisors LLC now owns 1,089 shares of the software maker’s stock valued at $268,000 after purchasing an additional 78 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of SAP by 13.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 1,051 shares of the software maker’s stock worth $259,000 after purchasing an additional 122 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities upped their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays lifted their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the company from $240.00 to $305.00 in a research note on Friday. Finally, BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $263.17.

SAP Stock Performance

Shares of SAP opened at $262.74 on Tuesday. SAP SE has a 12-month low of $158.94 and a 12-month high of $264.71. The stock has a market capitalization of $322.77 billion, a P/E ratio of 105.09, a P/E/G ratio of 3.72 and a beta of 1.22. The firm’s 50 day moving average is $245.68 and its 200-day moving average is $228.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS. Equities research analysts anticipate that SAP SE will post 4.66 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.