Marcum Wealth LLC Sells 310 Shares of SAP SE (NYSE:SAP)

Marcum Wealth LLC cut its holdings in shares of SAP SE (NYSE:SAP) by 13.4% in the 4th quarter, HoldingsChannel reports. The firm owned 2,002 shares of the software maker’s stock after selling 310 shares during the quarter. Marcum Wealth LLC’s holdings in SAP were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Traveka Wealth LLC raised its holdings in shares of SAP by 3.9% in the 4th quarter. Traveka Wealth LLC now owns 2,665 shares of the software maker’s stock worth $656,000 after purchasing an additional 99 shares during the period. Wedmont Private Capital grew its holdings in SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares during the period. Fiduciary Alliance LLC purchased a new stake in SAP in the fourth quarter worth $2,069,000. Aprio Wealth Management LLC bought a new stake in shares of SAP in the fourth quarter valued at $306,000. Finally, RMR Wealth Builders purchased a new position in shares of SAP during the 4th quarter valued at $246,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SAP shares. Barclays lifted their price objective on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. JMP Securities lifted their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. TD Cowen upped their price target on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price objective on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Price Performance

SAP stock opened at $253.20 on Wednesday. The firm has a 50 day moving average of $244.13 and a 200-day moving average of $226.99. The firm has a market capitalization of $311.06 billion, a P/E ratio of 101.28, a price-to-earnings-growth ratio of 4.94 and a beta of 1.22. SAP SE has a 12 month low of $155.82 and a 12 month high of $256.13. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.20 earnings per share. As a group, sell-side analysts predict that SAP SE will post 4.8 earnings per share for the current fiscal year.

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.