Moran Wealth Management LLC decreased its position in SAP SE (NYSE:SAP - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,024 shares of the software maker's stock after selling 990 shares during the period. Moran Wealth Management LLC's holdings in SAP were worth $4,930,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. raised its holdings in shares of SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock valued at $235,000 after purchasing an additional 38 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after acquiring an additional 43 shares during the period. Foster Group Inc. grew its holdings in SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after acquiring an additional 45 shares during the period. Wedmont Private Capital lifted its stake in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock valued at $485,000 after purchasing an additional 46 shares during the period. Finally, Addison Advisors LLC increased its position in shares of SAP by 3.0% in the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock valued at $390,000 after buying an additional 46 shares in the last quarter.
Analyst Ratings Changes
Several brokerages recently issued reports on SAP. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Barclays increased 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. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and increased their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $248.83.
View Our Latest Research Report on SAP
SAP Price Performance
SAP stock traded up $3.31 during midday trading on Wednesday, hitting $263.98. The company's stock had a trading volume of 662,360 shares, compared to its average volume of 874,438. 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 stock's 50-day moving average price is $272.58 and its 200-day moving average price is $247.11. The company has a market capitalization of $324.30 billion, a PE ratio of 91.93, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Analysts anticipate that SAP SE will post 6.55 earnings per share 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.
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