Asset Dedication LLC Decreases Stock Holdings in SAP SE (NYSE:SAP)

Asset Dedication LLC trimmed its position in SAP SE (NYSE:SAP) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,473 shares of the software maker’s stock after selling 513 shares during the quarter. Asset Dedication LLC’s holdings in SAP were worth $1,594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC increased its position in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. Principal Financial Group Inc. increased its position in SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after purchasing an additional 4,775 shares during the period. JPMorgan Chase & Co. increased its position in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the period. Stifel Financial Corp increased its position in SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after purchasing an additional 23,352 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in SAP during the 3rd quarter valued at $40,573,000.

SAP Stock Performance

Shares of SAP stock opened at $273.49 on Wednesday. The firm’s 50-day moving average is $251.29 and its 200 day moving average is $231.70. SAP SE has a 1 year low of $173.05 and a 1 year high of $277.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $335.99 billion, a price-to-earnings ratio of 109.40, a PEG ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. Sell-side analysts anticipate that SAP SE will post 4.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SAP. Barclays boosted their price objective on shares of SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $276.00.

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.