Oppenheimer Asset Management Inc. Lowers Position in SAP SE (NYSE:SAP)

Oppenheimer Asset Management Inc. trimmed its position in shares of SAP SE (NYSE:SAP) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,517 shares of the software maker’s stock after selling 5,853 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SAP were worth $15,639,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SAP. FMR LLC grew its position in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares during the period. WCM Investment Management LLC acquired a new stake in shares of SAP during the 4th quarter valued at about $290,023,000. Jennison Associates LLC purchased a new position in shares of SAP in the 4th quarter valued at about $47,195,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares in the last quarter. Finally, WT Asset Management Ltd acquired a new position in SAP in the 4th quarter worth about $17,259,000.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent analyst reports. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays boosted their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

NYSE:SAP opened at $274.41 on Friday. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a market cap of $337.12 billion, a P/E ratio of 95.61, a P/E/G ratio of 4.71 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $268.63 and its 200-day moving average price is $243.35.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, sell-side analysts forecast that SAP SE will post 6.55 earnings per share 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.