GC Wealth Management RIA LLC Sells 495 Shares of SAP SE (NYSE:SAP)

GC Wealth Management RIA LLC cut its stake in shares of SAP SE (NYSE:SAP) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,074 shares of the software maker’s stock after selling 495 shares during the quarter. GC Wealth Management RIA LLC’s holdings in SAP were worth $1,249,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAP. FMR LLC lifted its holdings in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares during the period. WCM Investment Management LLC bought a new position in shares of SAP during the fourth quarter valued at $290,023,000. Raymond James Financial Inc. bought a new position in shares of SAP during the fourth quarter valued at $150,668,000. Fisher Asset Management LLC lifted its holdings in shares of SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after acquiring an additional 403,956 shares during the period. Finally, Jennison Associates LLC bought a new position in shares of SAP during the fourth quarter valued at $47,195,000.

SAP Price Performance

SAP stock opened at $261.20 on Tuesday. The firm has a market capitalization of $320.89 billion, a P/E ratio of 91.01, a PEG ratio of 4.71 and a beta of 1.25. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The business has a 50-day moving average of $272.29 and a 200-day moving average of $246.82. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SAP shares. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. BMO Capital Markets lifted their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $248.83.

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.