GC Wealth Management RIA LLC Sells 495 Shares of SAP SE (NYSE:SAP)

GC Wealth Management RIA LLC decreased its position in SAP SE (NYSE:SAP) by 8.9% during the 4th quarter, HoldingsChannel reports. The fund owned 5,074 shares of the software maker’s stock after selling 495 shares during the quarter. GC Wealth Management RIA LLC’s holdings in SAP were worth $1,249,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after acquiring an additional 38 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of SAP by 2.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after purchasing an additional 43 shares in the last quarter. Foster Group Inc. raised its stake in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares in the last quarter. Wedmont Private Capital raised its stake in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in shares of SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after purchasing an additional 46 shares in the last quarter.

SAP Stock Performance

Shares of NYSE SAP opened at $261.20 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock’s fifty day moving average price is $272.29 and its two-hundred day moving average price is $246.82. SAP SE has a one year low of $175.08 and a one year high of $293.70. The firm has a market cap of $320.89 billion, a price-to-earnings ratio of 91.01, a P/E/G ratio of 4.71 and a beta of 1.25.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAP. BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Barclays boosted their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average 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.