EverSource Wealth Advisors LLC increased its holdings in SAP SE (NYSE:SAP - Free Report) by 89.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,664 shares of the software maker's stock after purchasing an additional 1,261 shares during the period. EverSource Wealth Advisors LLC's holdings in SAP were worth $656,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Centricity Wealth Management LLC bought a new stake in SAP in the fourth quarter worth $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP in the fourth quarter worth $27,000. Albion Financial Group UT boosted 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 worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group bought a new stake in SAP in the third quarter worth $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SAP in the fourth quarter worth $42,000.
SAP Stock Performance
NYSE:SAP opened at $254.84 on Friday. SAP SE has a 12-month low of $175.08 and a 12-month 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 firm has a market capitalization of $313.08 billion, a PE ratio of 88.80, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The firm has a 50-day moving average price of $273.17 and a 200 day moving average price of $247.29.
SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. Research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on SAP. JMP Securities upped their price target 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. BMO Capital Markets upped their price target on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Barclays upped 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $248.83.
Get Our Latest Stock Analysis on SAP
SAP Company 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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
