SAP SE (NYSE:SAP) Stock Holdings Reduced by Chase Investment Counsel Corp

Chase Investment Counsel Corp lowered its position in SAP SE (NYSE:SAP) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,202 shares of the software maker’s stock after selling 739 shares during the quarter. SAP makes up approximately 1.4% of Chase Investment Counsel Corp’s holdings, making the stock its 25th largest holding. Chase Investment Counsel Corp’s holdings in SAP were worth $4,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAP. Private Advisor Group LLC grew its stake in SAP by 6.4% in the third quarter. Private Advisor Group LLC now owns 4,310 shares of the software maker’s stock valued at $987,000 after purchasing an additional 260 shares in the last quarter. Americana Partners LLC grew its stake in SAP by 9.6% in the third quarter. Americana Partners LLC now owns 4,976 shares of the software maker’s stock valued at $1,140,000 after purchasing an additional 435 shares in the last quarter. Dash Acquisitions Inc. grew its stake in SAP by 2.8% in the third quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock valued at $19,039,000 after purchasing an additional 2,175 shares in the last quarter. Optas LLC boosted its stake in shares of SAP by 16.3% during the 3rd quarter. Optas LLC now owns 3,122 shares of the software maker’s stock worth $715,000 after acquiring an additional 438 shares in the last quarter. Finally, Janney Capital Management LLC boosted its stake in shares of SAP by 4.4% during the 3rd quarter. Janney Capital Management LLC now owns 1,924 shares of the software maker’s stock worth $441,000 after acquiring an additional 81 shares in the last quarter.

SAP Trading Up 0.4 %

SAP stock opened at $275.68 on Friday. The business has a 50 day moving average price of $269.19 and a two-hundred day moving average price of $243.84. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market cap of $338.68 billion, a price-to-earnings ratio of 96.06, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities analysts forecast that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SAP shares. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $248.83.

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.