Modern Wealth Management LLC Has $201,000 Stock Holdings in SAP SE (NYSE:SAP)

Modern Wealth Management LLC reduced its position in SAP SE (NYSE:SAP) by 32.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 817 shares of the software maker’s stock after selling 392 shares during the period. Modern Wealth Management LLC’s holdings in SAP were worth $201,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Centricity Wealth Management LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP during the 4th quarter valued at $27,000. Rakuten Securities Inc. boosted its position in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT increased its holdings 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 last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of SAP during the 3rd quarter worth about $42,000.

SAP Stock Performance

NYSE:SAP opened at $267.83 on Friday. The company has a market cap of $329.03 billion, a price-to-earnings ratio of 93.32, a PEG 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 company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a fifty day moving average price of $277.05 and a 200-day moving average price of $251.46.

SAP (NYSE:SAP) last released 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%. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SAP. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has an average rating of “Buy” and an average target price of $248.83.

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.