SAP SE (NYSE:SAP) Position Lessened by Hantz Financial Services Inc.

Hantz Financial Services Inc. lowered its position in SAP SE (NYSE:SAP) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,504 shares of the software maker’s stock after selling 12,658 shares during the quarter. Hantz Financial Services Inc.’s holdings in SAP were worth $20,067,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SAP. FMR LLC increased its stake in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. International Assets Investment Management LLC bought a new stake in SAP in the third quarter worth $40,573,000. Connor Clark & Lunn Investment Management Ltd. increased its position in SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after buying an additional 142,270 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in SAP during the third quarter valued at about $17,376,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of SAP in the second quarter worth about $9,361,000.

SAP Price Performance

NYSE:SAP opened at $273.49 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a one year low of $173.05 and a one year high of $277.36. The company has a fifty day moving average price of $251.29 and a 200 day moving average price of $231.70. The stock has a market cap of $335.99 billion, a P/E ratio of 109.40, a PEG ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. Analysts anticipate that SAP SE will post 4.64 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on SAP shares. JMP Securities increased their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised shares of 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. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets lifted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their price target on shares of SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has an average rating of “Buy” and a consensus target price of $276.00.

About SAP

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.