Strategic Financial Concepts LLC Takes Position in SAP SE (NYSE:SAP)

Strategic Financial Concepts LLC acquired a new position in shares of SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,697 shares of the software maker's stock, valued at approximately $4,850,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SAP. Godsey & Gibb Inc. bought a new position in shares of SAP in the third quarter worth about $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP in the fourth quarter worth about $27,000. Albion Financial Group UT lifted its holdings in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of SAP in the third quarter worth about $42,000. Finally, Prospera Private Wealth LLC bought a new position in shares of SAP in the third quarter worth about $47,000.

Analyst Ratings Changes

A number of research firms have recently commented on SAP. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has an average rating of "Buy" and an average target price of $248.83.

SAP Trading Down 1.5 %

Shares of NYSE SAP traded down $4.45 during midday trading on Wednesday, reaching $288.23. The stock had a trading volume of 1,080,986 shares, compared to its average volume of 1,037,024. The firm has a market cap of $354.09 billion, a price-to-earnings ratio of 100.43, a price-to-earnings-growth ratio of 4.76 and a beta of 1.23. SAP SE has a twelve month low of $174.88 and a twelve month high of $293.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company's 50 day moving average price is $264.61 and its 200 day moving average price is $240.26.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts expect that SAP SE will post 6.55 EPS for the current year.

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.