Raymond James Financial Inc. Buys New Shares in SAP SE (NYSE:SAP)

Raymond James Financial Inc. purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 611,947 shares of the software maker's stock, valued at approximately $150,668,000.

Several other hedge funds have also modified their holdings of SAP. Centricity Wealth Management LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the fourth quarter valued at approximately $27,000. Albion Financial Group UT lifted its holdings in SAP by 122.4% in 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 period. Brooklyn Investment Group acquired a new position in SAP in the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC acquired a new position in SAP in the third quarter valued at approximately $47,000.

SAP Stock Down 1.0 %

Shares of NYSE:SAP traded down $2.91 during midday trading on Friday, reaching $276.43. 2,688,091 shares of the company were exchanged, compared to its average volume of 870,294. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $272.04 and a two-hundred day simple moving average of $246.32. The firm has a market cap of $339.60 billion, a PE ratio of 96.32, a P/E/G ratio of 4.71 and a beta of 1.25.

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SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 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 forecast that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAP has been the topic of several analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Barclays increased their price objective on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and increased their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP presently has a consensus rating of "Buy" and an average target price of $248.83.

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.