Foster Victor Wealth Advisors LLC Sells 179 Shares of SAP SE (NYSE:SAP)

Foster Victor Wealth Advisors LLC decreased its position in shares of SAP SE (NYSE:SAP) by 11.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,439 shares of the software maker’s stock after selling 179 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in SAP were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in SAP by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock valued at $9,232,000 after buying an additional 1,158 shares during the period. Xponance Inc. grew its stake in shares of SAP by 20.8% during the second quarter. Xponance Inc. now owns 1,273 shares of the software maker’s stock worth $257,000 after purchasing an additional 219 shares during the period. AQR Capital Management LLC lifted its stake in SAP by 55.6% in the second quarter. AQR Capital Management LLC now owns 4,423 shares of the software maker’s stock valued at $892,000 after buying an additional 1,580 shares during the period. Ascent Group LLC boosted its holdings in SAP by 9.1% during the second quarter. Ascent Group LLC now owns 1,284 shares of the software maker’s stock worth $259,000 after buying an additional 107 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in SAP by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,869 shares of the software maker’s stock worth $2,192,000 after acquiring an additional 287 shares during the last quarter.

Analyst Ratings Changes

SAP has been the subject of several recent analyst reports. BMO Capital Markets increased their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays upped their target price on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $290.40.

SAP Stock Up 1.1 %

Shares of SAP stock opened at $276.87 on Thursday. The firm’s fifty day moving average price is $251.29 and its two-hundred day moving average price is $231.70. 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 SE has a 1 year low of $173.05 and a 1 year high of $279.14. The firm has a market capitalization of $340.13 billion, a P/E ratio of 110.75, a PEG ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP) last released its 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 8.15% and a return on equity of 11.44%. On average, equities analysts predict that SAP SE will post 4.64 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.