Braun Bostich & Associates Inc. Sells 42 Shares of SAP SE (NYSE:SAP)

Braun Bostich & Associates Inc. reduced its holdings in shares of SAP SE (NYSE:SAP) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,216 shares of the software maker’s stock after selling 42 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in SAP were worth $299,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC grew its holdings in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares in the last quarter. International Assets Investment Management LLC purchased a new position in SAP during the third quarter valued at approximately $40,573,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after acquiring an additional 142,270 shares during the period. Marshall Wace LLP purchased a new stake in SAP in the 2nd quarter worth approximately $21,479,000. Finally, Mediolanum International Funds Ltd bought a new position in SAP in the 3rd quarter valued at $17,376,000.

SAP Price Performance

Shares of NYSE:SAP opened at $269.14 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market cap of $330.64 billion, a PE ratio of 107.66, a PEG ratio of 3.72 and a beta of 1.22. The company’s fifty day moving average is $246.21 and its 200 day moving average is $228.71. SAP SE has a 52 week low of $161.07 and a 52 week high of $269.29.

SAP (NYSE:SAP) last released its 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). The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. Research analysts anticipate that SAP SE will post 4.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SAP shares. JMP Securities increased their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays upped their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $263.17.

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.