Saturna Capital Corp Lowers Stock Holdings in SAP SE (NYSE:SAP)

Saturna Capital Corp lowered its stake in SAP SE (NYSE:SAP) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,677 shares of the software maker’s stock after selling 127 shares during the quarter. Saturna Capital Corp’s holdings in SAP were worth $4,598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. Centricity Wealth Management LLC purchased a new stake in shares of SAP in the fourth quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the 4th quarter valued at about $27,000. Albion Financial Group UT increased its stake in 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 in the last quarter. Brooklyn Investment Group purchased a new position in SAP in the third quarter worth about $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in SAP in the fourth quarter worth about $42,000.

SAP Stock Performance

Shares of SAP opened at $260.43 on Wednesday. SAP SE has a one year low of $175.08 and a one year high of $293.70. The business has a fifty day moving average of $272.58 and a 200 day moving average of $247.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market capitalization of $319.94 billion, a P/E ratio of 90.74, a PEG ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 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%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on SAP. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently 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.