Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 901 shares of the software maker's stock, valued at approximately $222,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedmont Private Capital boosted its position in 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 acquiring an additional 46 shares during the period. Confluence Investment Management LLC grew its position in SAP by 1.1% during the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker's stock valued at $1,065,000 after purchasing an additional 49 shares in the last quarter. PDS Planning Inc increased its stake in SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker's stock valued at $915,000 after buying an additional 51 shares during the period. Rosenberg Matthew Hamilton lifted its position in SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker's stock worth $252,000 after buying an additional 52 shares in the last quarter. Finally, Veracity Capital LLC boosted its stake in shares of SAP by 4.9% during the 4th quarter. Veracity Capital LLC now owns 1,132 shares of the software maker's stock valued at $279,000 after buying an additional 53 shares during the period.
Analyst Ratings Changes
Several analysts recently issued reports on SAP shares. Barclays increased their price objective on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $248.83.
Check Out Our Latest Stock Report on SAP
SAP Trading Up 1.0 %
NYSE:SAP opened at $279.47 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $252.13 and its 200-day moving average is $232.02. The firm has a market cap of $343.33 billion, a price-to-earnings ratio of 97.38, a P/E/G ratio of 3.93 and a beta of 1.22. SAP SE has a 12 month low of $173.05 and a 12 month high of $280.53.
SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.42% and a net margin of 9.17%. Equities analysts anticipate that SAP SE will post 6.35 EPS for the current 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.
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