Janney Capital Management LLC Decreases Position in SAP SE (NYSE:SAP)

Janney Capital Management LLC lessened its position in SAP SE (NYSE:SAP) by 29.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,360 shares of the software maker’s stock after selling 564 shares during the period. Janney Capital Management LLC’s holdings in SAP were worth $335,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after buying an additional 1,866,468 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after purchasing an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. lifted its position in SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the period. Stifel Financial Corp boosted its holdings in SAP by 12.5% in the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after purchasing an additional 23,352 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in SAP by 8.6% in the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after purchasing an additional 15,604 shares during the period.

SAP Trading Up 1.3 %

Shares of NYSE:SAP opened at $272.91 on Thursday. The stock has a 50 day moving average of $246.91 and a 200 day moving average of $229.16. The company has a market cap of $335.27 billion, a PE ratio of 109.16, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22. SAP SE has a 12-month low of $161.07 and a 12-month high of $275.10. 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 quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate 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 previous year, the company earned $1.20 earnings per share. As a group, equities research analysts expect that SAP SE will post 4.66 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. BMO Capital Markets increased their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Barclays increased their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has an average rating of “Buy” and a consensus target price of $263.17.

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.