Paradigm Asset Management Co. LLC Trims Stock Holdings in SAP SE (NYSE:SAP)

Paradigm Asset Management Co. LLC lowered its holdings in SAP SE (NYSE:SAP) by 50.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,700 shares of the software maker’s stock after selling 7,900 shares during the period. Paradigm Asset Management Co. LLC’s holdings in SAP were worth $1,896,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAP. FMR LLC raised its stake in 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 buying an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC acquired a new stake in SAP during the fourth quarter valued at approximately $290,023,000. Jennison Associates LLC acquired a new stake in SAP during the fourth quarter valued at approximately $47,195,000. International Assets Investment Management LLC acquired a new stake in SAP during the third quarter valued at approximately $40,573,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after buying an additional 142,270 shares in the last quarter.

Analysts Set New Price Targets

SAP has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. TD Cowen upgraded 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 research report on Friday, January 17th. BMO Capital Markets increased their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Stock Performance

Shares of NYSE SAP opened at $288.08 on Friday. The stock has a fifty day moving average price of $265.30 and a two-hundred day moving average price of $240.60. 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 firm has a market cap of $353.90 billion, a P/E ratio of 100.38, a PEG ratio of 4.72 and a beta of 1.23. SAP SE has a 1 year low of $174.88 and a 1 year high of $293.70.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. Research analysts forecast that SAP SE will post 6.55 EPS 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.