Sanctuary Advisors LLC Reduces Stock Holdings in SAP SE (NYSE:SAP)

Sanctuary Advisors LLC reduced its holdings in SAP SE (NYSE:SAP) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,804 shares of the software maker’s stock after selling 7,864 shares during the period. Sanctuary Advisors LLC’s holdings in SAP were worth $13,001,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the 3rd quarter valued at $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the fourth quarter worth $27,000. Albion Financial Group UT boosted its holdings in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new stake in SAP during the third quarter worth $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in SAP during the third quarter worth $47,000.

Analyst Ratings Changes

SAP has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. JMP Securities increased their price target 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. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Stock Performance

NYSE:SAP opened at $292.51 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a fifty day moving average of $263.01 and a two-hundred day moving average of $239.31. The stock has a market capitalization of $359.34 billion, a PE ratio of 101.92, a P/E/G ratio of 4.63 and a beta of 1.23. SAP SE has a fifty-two week low of $174.88 and a fifty-two week high of $293.70.

SAP (NYSE:SAP) last issued its 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 net margin of 9.17% and a return on equity of 12.18%. As a group, research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal 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.