Capital Wealth Planning LLC Reduces Stock Position in SAP SE (NYSE:SAP)

Capital Wealth Planning LLC reduced its holdings in shares of SAP SE (NYSE:SAP) by 18.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,179 shares of the software maker’s stock after selling 4,820 shares during the quarter. Capital Wealth Planning LLC’s holdings in SAP were worth $5,214,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SAP. Centricity Wealth Management LLC purchased a new stake in shares of SAP during the 4th quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the 4th quarter valued at approximately $27,000. Albion Financial Group UT lifted its stake in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after buying an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of SAP during the 3rd quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of SAP during the 3rd quarter valued at approximately $47,000.

SAP Price Performance

Shares of NYSE:SAP opened at $275.68 on Friday. The company’s fifty day moving average price is $269.19 and its 200-day moving average price is $244.07. The firm has a market capitalization of $338.68 billion, a price-to-earnings ratio of 96.06, a PEG ratio of 4.71 and a beta of 1.23. SAP SE has a one year low of $175.08 and a one year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its quarterly earnings results 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 return on equity of 12.18% and a net margin of 9.17%. On average, equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SAP shares. JMP Securities upped their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays upped their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, BMO Capital Markets upped their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has an average rating of “Buy” and an average target price of $248.83.

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.