Orion Portfolio Solutions LLC lowered its position in shares of SAP SE (NYSE:SAP - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 44,276 shares of the software maker's stock after selling 2,558 shares during the quarter. Orion Portfolio Solutions LLC's holdings in SAP were worth $10,901,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in SAP. Holocene Advisors LP purchased a new stake in SAP in the third quarter valued at $10,869,000. Atomi Financial Group Inc. boosted its stake in shares of SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock worth $3,074,000 after buying an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in SAP by 208.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock worth $4,030,000 after acquiring an additional 11,057 shares during the period. JPMorgan Chase & Co. raised its position in SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock valued at $125,654,000 after acquiring an additional 7,667 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SAP by 152.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock valued at $101,969,000 after acquiring an additional 249,824 shares during the period.
Analyst Ratings Changes
Several equities analysts have recently weighed in on SAP shares. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities lifted their price objective 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 increased their target price on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $248.83.
View Our Latest Research Report on SAP
SAP Trading Up 0.4 %
SAP stock traded up $1.12 during midday trading on Wednesday, hitting $271.46. 398,702 shares of the stock were exchanged, compared to its average volume of 1,181,338. 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 stock has a market capitalization of $333.49 billion, a price-to-earnings ratio of 94.58, a PEG ratio of 4.71 and a beta of 1.25. The stock's 50-day simple moving average is $277.20 and its 200 day simple moving average is $252.65. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.
SAP Company Profile
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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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