Nations Financial Group Inc. IA ADV bought a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,102 shares of the software maker's stock, valued at approximately $518,000.
Several other large investors also recently modified their holdings of SAP. Godsey & Gibb Inc. bought a new position in shares of SAP during the third quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT boosted its position in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new stake in SAP during the third quarter worth $42,000. Finally, Prospera Private Wealth LLC bought a new stake in SAP during the third quarter worth $47,000.
Analyst Ratings Changes
Several research firms recently commented on SAP. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, TD Cowen raised SAP from a "hold" rating to a "buy" rating and upped their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $248.83.
Check Out Our Latest Report on SAP
SAP Trading Down 1.5 %
Shares of SAP stock traded down $4.45 on Wednesday, reaching $288.23. The company had a trading volume of 1,080,986 shares, compared to its average volume of 1,037,024. SAP SE has a 1 year low of $174.88 and a 1 year 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. The firm has a market cap of $354.09 billion, a price-to-earnings ratio of 100.43, a P/E/G ratio of 4.76 and a beta of 1.23. The firm's 50-day moving average price is $263.84 and its two-hundred day moving average price is $239.93.
SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS 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%. As a group, research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.
About SAP
(
Free Report)
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.
Further Reading
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