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

Baker Tilly Wealth Management LLC reduced its position in shares of SAP SE (NYSE:SAP) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,694 shares of the software maker’s stock after selling 489 shares during the period. Baker Tilly Wealth Management LLC’s holdings in SAP were worth $910,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in shares of SAP by 2.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,622 shares of the software maker’s stock valued at $2,950,000 after purchasing an additional 415 shares during the period. Rhumbline Advisers lifted its position in SAP by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 22,279 shares of the software maker’s stock valued at $4,494,000 after acquiring an additional 324 shares during the period. Private Advisor Group LLC boosted its stake in SAP by 3.3% during the second quarter. Private Advisor Group LLC now owns 4,050 shares of the software maker’s stock worth $817,000 after acquiring an additional 128 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of SAP in the 2nd quarter worth approximately $161,000. Finally, PFG Investments LLC increased its holdings in shares of SAP by 2.6% during the second quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock valued at $490,000 after acquiring an additional 61 shares in the last quarter.

SAP Price Performance

NYSE:SAP traded down $0.12 on Friday, reaching $253.37. 292,994 shares of the company’s stock traded hands, compared to its average volume of 889,276. The firm has a market cap of $311.27 billion, a PE ratio of 101.35, a P/E/G ratio of 4.94 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $243.09 and a 200-day simple moving average of $225.46. SAP SE has a 12 month low of $154.96 and a 12 month high of $256.13.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the firm posted $1.20 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts forecast that SAP SE will post 4.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SAP shares. JMP Securities boosted their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Barclays raised their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen increased their price objective on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.33.

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.