One Capital Management LLC Sells 2,847 Shares of SAP SE (NYSE:SAP)

One Capital Management LLC decreased its stake in SAP SE (NYSE:SAP) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,063 shares of the software maker’s stock after selling 2,847 shares during the period. One Capital Management LLC’s holdings in SAP were worth $9,864,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Centricity Wealth Management LLC bought a new position in shares of SAP during the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP during the 4th quarter valued at $27,000. Albion Financial Group UT grew its holdings 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 purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of SAP during the 3rd quarter valued at $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in SAP during the 3rd quarter valued at $47,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SAP. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased 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 research report on Wednesday, January 15th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP has an average rating of “Buy” and a consensus target price of $248.83.

SAP Stock Performance

Shares of NYSE SAP opened at $287.09 on Thursday. The firm has a 50 day moving average of $271.00 and a 200 day moving average of $245.49. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $352.69 billion, a price-to-earnings ratio of 100.03, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

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.