Thrivent Financial for Lutherans Has $846,000 Holdings in SAP SE (NYSE:SAP)

Thrivent Financial for Lutherans decreased its position in SAP SE (NYSE:SAP) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 3,576 shares of the software maker’s stock after selling 141 shares during the period. Thrivent Financial for Lutherans’ holdings in SAP were worth $846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new stake in shares of SAP in the fourth quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP in the 4th quarter worth about $27,000. Rakuten Securities Inc. boosted its position in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after acquiring an additional 108 shares during the period. Albion Financial Group UT grew its stake in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP in the 4th quarter valued at about $42,000.

SAP Price Performance

Shares of NYSE:SAP opened at $270.33 on Wednesday. The stock has a market capitalization of $332.10 billion, a P/E ratio of 94.19, a P/E/G ratio of 4.71 and a beta of 1.25. The business has a 50-day moving average of $277.20 and a two-hundred day moving average of $252.65. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

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

Wall Street Analyst Weigh In

Several analysts recently commented on SAP shares. BMO Capital Markets boosted their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays upped their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. 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. Finally, JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has an average rating of “Buy” and an average price target of $248.83.

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.