Cetera Trust Company N.A Sells 100 Shares of SAP SE (NYSE:SAP)

Cetera Trust Company N.A trimmed its stake in SAP SE (NYSE:SAP) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,595 shares of the software maker’s stock after selling 100 shares during the quarter. Cetera Trust Company N.A’s holdings in SAP were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Holocene Advisors LP bought a new stake in SAP during the 3rd quarter valued at $10,869,000. JPMorgan Chase & Co. increased its position in shares of 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 buying an additional 7,667 shares during the period. Benjamin Edwards Inc. boosted its position in shares of SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after acquiring an additional 8,380 shares during the period. Atomi Financial Group Inc. increased its holdings in SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after acquiring an additional 3,495 shares during the period. Finally, Creative Planning grew its position in shares of SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after purchasing an additional 14,546 shares in the last quarter.

SAP Price Performance

Shares of SAP opened at $274.57 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $337.31 billion, a PE ratio of 109.76, a price-to-earnings-growth ratio of 3.72 and a beta of 1.22. The firm’s 50-day simple moving average is $246.91 and its two-hundred day simple moving average is $229.16. SAP SE has a fifty-two week low of $161.07 and a fifty-two week high of $275.30.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the business posted $1.20 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts anticipate that SAP SE will post 4.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAP. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays upped 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. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities increased their target price 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. Finally, BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has an average rating of “Buy” and a consensus target price of $263.17.

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.