Principal Securities Inc. Acquires 1,062 Shares of SAP SE (NYSE:SAP)

Principal Securities Inc. raised its holdings in SAP SE (NYSE:SAP - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,783 shares of the software maker's stock after acquiring an additional 1,062 shares during the period. Principal Securities Inc.'s holdings in SAP were worth $2,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legacy Capital Wealth Partners LLC grew its stake in SAP by 7.6% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,504 shares of the software maker's stock valued at $617,000 after acquiring an additional 176 shares during the period. Nations Financial Group Inc. IA ADV acquired a new position in SAP in the fourth quarter valued at about $518,000. PUREfi Wealth LLC acquired a new position in SAP in the fourth quarter valued at about $473,000. ABC Arbitrage SA acquired a new position in SAP in the fourth quarter valued at about $8,414,000. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of SAP by 7.1% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,726 shares of the software maker's stock valued at $671,000 after purchasing an additional 180 shares in the last quarter.

SAP Stock Down 1.8 %

SAP traded down $5.06 on Friday, hitting $282.87. 1,105,122 shares of the company were exchanged, compared to its average volume of 1,028,502. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a market cap of $347.50 billion, a PE ratio of 98.56, a PEG ratio of 4.72 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock's fifty day moving average is $265.88 and its 200-day moving average is $241.18.

SAP (NYSE:SAP - Get Free Report) last released 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%. Equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and boosted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets boosted their price target on 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 SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $248.83.

SAP Company Profile

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.