Marks Group Wealth Management Inc Sells 914 Shares of SAP SE (NYSE:SAP)

Marks Group Wealth Management Inc lessened its stake in shares of SAP SE (NYSE:SAP) by 9.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,066 shares of the software maker’s stock after selling 914 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SAP were worth $2,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Godsey & Gibb Inc. purchased a new position in SAP during the third quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in SAP in the 4th quarter valued at $27,000. Albion Financial Group UT grew its position in shares of SAP by 122.4% during the 4th 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 in the last quarter. Brooklyn Investment Group bought a new position in shares of SAP in the third quarter worth $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of SAP in the third quarter worth $47,000.

Analysts Set New Price Targets

SAP has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Stock Performance

SAP stock opened at $289.13 on Wednesday. The firm has a fifty day simple moving average of $259.11 and a two-hundred day simple moving average of $236.44. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a twelve month low of $173.09 and a twelve month high of $289.53. The company has a market capitalization of $355.20 billion, a PE ratio of 100.74, a P/E/G ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last released 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 net margin of 9.17% and a return on equity of 12.18%. Research analysts expect that SAP SE will post 6.55 EPS for the current 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.