Fiduciary Alliance LLC Invests $2.07 Million in SAP SE (NYSE:SAP)

Fiduciary Alliance LLC acquired a new position in SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,402 shares of the software maker's stock, valued at approximately $2,069,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Confluence Investment Management LLC lifted its position in shares of SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker's stock worth $1,065,000 after acquiring an additional 49 shares during the period. PDS Planning Inc lifted its position in SAP by 1.3% in the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker's stock worth $915,000 after purchasing an additional 51 shares during the period. Rosenberg Matthew Hamilton boosted its stake in SAP by 5.0% during the third 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. Drive Wealth Management LLC increased its holdings in SAP by 2.9% in the 3rd quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker's stock valued at $498,000 after buying an additional 61 shares during the period. Finally, Bank of Hawaii raised its stake in shares of SAP by 2.0% in the 3rd quarter. Bank of Hawaii now owns 3,322 shares of the software maker's stock valued at $761,000 after buying an additional 66 shares in the last quarter.

SAP Trading Down 0.8 %

NYSE:SAP traded down $2.09 during trading hours on Monday, hitting $249.44. The stock had a trading volume of 807,896 shares, compared to its average volume of 982,513. The business's 50 day moving average is $243.79 and its 200-day moving average is $226.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $306.44 billion, a price-to-earnings ratio of 99.78, a P/E/G ratio of 4.94 and a beta of 1.22. SAP SE has a one year low of $155.82 and a one year high of $256.13.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. Sell-side analysts anticipate that SAP SE will post 4.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SAP. Barclays increased their target price on SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. TD Cowen lifted their price objective on SAP from $234.00 to $240.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $252.33.

About SAP

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.