Orion Portfolio Solutions LLC Cuts Stock Holdings in SAP SE (NYSE:SAP)

Orion Portfolio Solutions LLC lowered its stake in SAP SE (NYSE:SAP) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,276 shares of the software maker’s stock after selling 2,558 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in SAP were worth $10,901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Centricity Wealth Management LLC purchased a new stake in shares of SAP in the fourth quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. boosted its position in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after acquiring an additional 108 shares during the last quarter. Albion Financial Group UT grew 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 in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SAP in the fourth quarter worth $42,000.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded 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 report on Friday, January 17th. Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Price Performance

SAP opened at $267.83 on Friday. The business has a fifty day moving average of $277.05 and a 200 day moving average of $251.46. The stock has a market cap of $329.03 billion, a P/E ratio of 93.32, a PEG ratio of 4.71 and a beta of 1.25. 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 52-week low of $175.08 and a 52-week high of $293.70.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current 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.