Envestnet Portfolio Solutions Inc. grew its stake in shares of SAP SE (NYSE:SAP - Free Report) by 79.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,396 shares of the software maker's stock after purchasing an additional 13,902 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in SAP were worth $7,730,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Centricity Wealth Management LLC purchased a new position in SAP in the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the fourth quarter worth $27,000. Rakuten Securities Inc. increased its stake in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after buying an additional 108 shares during the period. Albion Financial Group UT increased its holdings in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SAP in the fourth quarter valued at $42,000.
Analyst Upgrades and Downgrades
SAP has been the subject of several research reports. TD Cowen raised SAP from a "hold" rating to a "buy" rating and raised their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities increased 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. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, Barclays raised 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. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $248.83.
Check Out Our Latest Report on SAP
SAP Stock Up 0.4 %
NYSE:SAP traded up $1.02 on Wednesday, hitting $271.66. 1,121,812 shares of the company's stock traded hands, compared to its average volume of 891,294. The firm has a 50-day moving average price of $274.50 and a 200-day moving average price of $248.77. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a market cap of $333.73 billion, a PE ratio of 94.64, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70.
SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.
SAP Profile
(
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.
See Also
Before you consider SAP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SAP wasn't on the list.
While SAP currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
