Braun Bostich & Associates Inc. Sells 42 Shares of SAP SE (NYSE:SAP)

Braun Bostich & Associates Inc. cut its holdings in SAP SE (NYSE:SAP) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,216 shares of the software maker’s stock after selling 42 shares during the period. Braun Bostich & Associates Inc.’s holdings in SAP were worth $299,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the 3rd quarter worth about $25,000. Brooklyn Investment Group bought a new position in SAP in the third quarter worth about $42,000. Financial Management Professionals Inc. lifted its holdings in SAP by 104.0% in the fourth 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. Prospera Private Wealth LLC purchased a new position in shares of SAP during the 3rd quarter worth approximately $47,000. Finally, Versant Capital Management Inc purchased a new position in shares of SAP during the 4th quarter worth approximately $54,000.

SAP Price Performance

Shares of NYSE SAP opened at $269.14 on Wednesday. The firm has a market cap of $330.64 billion, a P/E ratio of 107.66, a PEG ratio of 3.72 and a beta of 1.22. SAP SE has a twelve month low of $161.07 and a twelve month high of $269.29. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $246.21 and a 200 day moving average of $228.71.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SAP shares. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $263.17.

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.