HighTower Advisors LLC lifted its stake in SAP SE (NYSE:SAP - Free Report) by 26.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,695 shares of the software maker's stock after purchasing an additional 16,197 shares during the quarter. HighTower Advisors LLC's holdings in SAP were worth $18,883,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Centricity Wealth Management LLC purchased a new position in shares of SAP in the 4th quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP in the 4th quarter valued at approximately $27,000. Albion Financial Group UT raised its position in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in SAP in the 4th quarter worth approximately $42,000. Finally, Brooklyn Investment Group acquired a new position in SAP in the 3rd quarter worth approximately $42,000.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on SAP. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the stock 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 increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Finally, TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $248.83.
View Our Latest Stock Analysis on SAP
SAP Price Performance
Shares of SAP stock traded up $0.73 during mid-day trading on Wednesday, hitting $271.37. 1,604,787 shares of the stock were exchanged, compared to its average volume of 893,012. The firm has a fifty day moving average of $274.50 and a 200 day moving average of $248.77. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The company has a market cap of $333.37 billion, a PE ratio of 94.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.
SAP (NYSE:SAP - Get Free Report) last posted its 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 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.
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