SlateStone Wealth LLC Cuts Holdings in SAP SE (NYSE:SAP)

SlateStone Wealth LLC reduced its position in SAP SE (NYSE:SAP) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,946 shares of the software maker’s stock after selling 400 shares during the quarter. SlateStone Wealth LLC’s holdings in SAP were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SAP. Centricity Wealth Management LLC purchased a new position in SAP in the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP in the fourth quarter valued at about $27,000. Rakuten Securities Inc. raised its position in 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 during the period. Albion Financial Group UT raised its position in 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. Finally, Brooklyn Investment Group purchased a new position in SAP in the third quarter valued at about $42,000.

Analysts Set New Price Targets

Several research analysts have commented on the company. BMO Capital Markets raised their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. TD Cowen upgraded 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 research note on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Up 3.5 %

Shares of SAP stock opened at $264.05 on Monday. 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 firm has a market cap of $324.38 billion, a P/E ratio of 92.00, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The business has a 50-day moving average price of $273.62 and a 200 day moving average price of $248.05.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 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%. On average, sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.