SAP SE (SAP) Holdings Cut by MML Investors Services LLC

MML Investors Services LLC trimmed its position in SAP SE (NYSE:SAP) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,691 shares of the software maker’s stock after selling 648 shares during the period. MML Investors Services LLC’s holdings in SAP were worth $415,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of Nova Scotia Trust Co. bought a new stake in SAP in the 3rd quarter worth about $123,000. Icon Wealth Partners LLC bought a new stake in SAP in the 4th quarter worth about $149,000. Credit Agricole S A bought a new stake in SAP in the 4th quarter worth about $177,000. South Texas Money Management Ltd. bought a new stake in SAP in the 4th quarter worth about $200,000. Finally, Commerce Bank bought a new stake in SAP in the 4th quarter worth about $200,000. 10.29% of the stock is owned by institutional investors and hedge funds.

SAP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Desjardins raised shares of SAP to a “buy” rating and set a $49.00 price objective for the company in a research report on Thursday, December 28th. Citigroup reissued a “buy” rating on shares of SAP in a research report on Wednesday, January 10th. Morgan Stanley downgraded shares of SAP from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 11th. Finally, Cowen downgraded shares of SAP from an “outperform” rating to a “market weight” rating in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. SAP currently has an average rating of “Buy” and a consensus target price of $104.00.

Shares of SAP SE (SAP) opened at $106.24 on Tuesday. The company has a market cap of $132,088.75, a P/E ratio of 25.91, a P/E/G ratio of 2.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.17. SAP SE has a 52 week low of $96.04 and a 52 week high of $116.90.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 30th. The software maker reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.33. The company had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.99 billion. SAP had a net margin of 17.38% and a return on equity of 17.33%. research analysts predict that SAP SE will post 4.33 earnings per share for the current fiscal year.

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SAP Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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