Asset Dedication LLC Reduces Holdings in SAP SE (NYSE:SAP)

Asset Dedication LLC trimmed its position in shares of SAP SE (NYSE:SAP) by 7.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,473 shares of the software maker’s stock after selling 513 shares during the quarter. Asset Dedication LLC’s holdings in SAP were worth $1,594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Godsey & Gibb Inc. bought a new stake in shares of SAP in the third quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the fourth quarter valued at about $27,000. Albion Financial Group UT increased its holdings in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of SAP during the third quarter valued at about $42,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of SAP during the third quarter valued at about $47,000.

Analysts Set New Price Targets

SAP has been the topic of several recent analyst reports. JMP Securities upped their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Barclays upped their price objective on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP has an average rating of “Buy” and an average price target of $276.00.

SAP Trading Down 0.8 %

Shares of NYSE:SAP opened at $273.49 on Wednesday. The business’s 50 day moving average price is $251.29 and its 200-day moving average price is $231.70. SAP SE has a 1 year low of $173.05 and a 1 year high of $277.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $335.99 billion, a price-to-earnings ratio of 109.40, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP) last posted its quarterly earnings data 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 8.15% and a return on equity of 11.44%. On average, equities research analysts forecast that SAP SE will post 4.64 earnings per share for the current fiscal 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.