Avantax Advisory Services Inc. lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,835 shares of the software maker's stock after purchasing an additional 3,569 shares during the period. Avantax Advisory Services Inc.'s holdings in SAP were worth $5,376,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its stake in shares of SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after purchasing an additional 38 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of SAP by 2.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after purchasing an additional 43 shares in the last quarter. Foster Group Inc. raised its stake in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after purchasing an additional 45 shares in the last quarter. Wedmont Private Capital raised its stake in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after purchasing an additional 46 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in shares of SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock worth $390,000 after purchasing an additional 46 shares in the last quarter.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. 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 research report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP currently has an average rating of "Buy" and a consensus target price of $248.83.
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SAP Stock Performance
Shares of NYSE:SAP traded up $0.73 on Wednesday, reaching $271.37. 1,604,787 shares of the company's stock were exchanged, compared to its average volume of 1,205,700. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a fifty day moving average of $274.50 and a 200-day moving average of $248.77. The company has a market capitalization of $333.37 billion, a price-to-earnings ratio of 94.55, a PEG ratio of 4.71 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.
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%. On average, research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.
SAP Company Profile
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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.
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