Baker Tilly Wealth Management LLC Reduces Stake in SAP SE (NYSE:SAP)

Baker Tilly Wealth Management LLC cut its stake in shares of SAP SE (NYSE:SAP) by 11.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,694 shares of the software maker’s stock after selling 489 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in SAP were worth $910,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Fulton Bank N.A. bought a new stake in SAP during the 4th quarter valued at $236,000. Park National Corp OH purchased a new stake in shares of SAP during the fourth quarter valued at about $416,000. Canandaigua National Bank & Trust Co. grew its position in shares of SAP by 31.3% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 5,346 shares of the software maker’s stock worth $1,316,000 after buying an additional 1,275 shares during the last quarter. GAMMA Investing LLC lifted its position in SAP by 13.6% during the fourth quarter. GAMMA Investing LLC now owns 4,168 shares of the software maker’s stock valued at $1,026,000 after acquiring an additional 500 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in SAP in the fourth quarter worth $54,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SAP shares. TD Cowen raised their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their price target on SAP from $248.00 to $265.00 and gave the stock an “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 company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities upped their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $252.33.

SAP Stock Performance

Shares of SAP stock traded down $0.12 during trading hours on Friday, hitting $253.37. The company’s stock had a trading volume of 292,994 shares, compared to its average volume of 889,276. The stock has a market cap of $311.27 billion, a PE ratio of 101.35, a price-to-earnings-growth ratio of 4.94 and a beta of 1.22. The company has a 50 day moving average of $243.09 and a 200 day moving average of $225.46. SAP SE has a 12-month low of $154.96 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 issued its quarterly earnings data 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 company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. On average, sell-side analysts forecast that SAP SE will post 4.8 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.