SAP SE (NYSE:SAP) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in SAP SE (NYSE:SAP) by 8.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 84,067 shares of the software maker’s stock after selling 7,308 shares during the period. Crossmark Global Holdings Inc.’s holdings in SAP were worth $20,698,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Davies Financial Advisors Inc. purchased a new position in SAP during the 4th quarter valued at about $336,000. Mitchell & Pahl Private Wealth LLC grew its position in shares of SAP by 3.4% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 5,139 shares of the software maker’s stock valued at $1,265,000 after purchasing an additional 168 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of SAP by 12.7% during the 4th quarter. Ballentine Partners LLC now owns 7,216 shares of the software maker’s stock worth $1,777,000 after purchasing an additional 813 shares in the last quarter. Pure Financial Advisors LLC raised its position in shares of SAP by 7.7% during the 4th quarter. Pure Financial Advisors LLC now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 78 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in SAP by 13.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 1,051 shares of the software maker’s stock valued at $259,000 after buying an additional 122 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SAP. BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Barclays lifted their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a research report on Friday. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP currently has a consensus rating of “Buy” and a consensus price target of $263.17.

SAP Stock Performance

NYSE SAP opened at $262.74 on Tuesday. 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 1-year low of $158.94 and a 1-year high of $264.71. The firm has a market capitalization of $322.77 billion, a P/E ratio of 105.09, a P/E/G ratio of 3.72 and a beta of 1.22. The business’s 50-day simple moving average is $245.68 and its 200-day simple moving average is $228.29.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the firm earned $1.20 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts predict that SAP SE will post 4.66 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.