Sei Investments Co. Buys 7,380 Shares of SAP SE (NYSE:SAP)

Sei Investments Co. boosted its position in SAP SE (NYSE:SAP - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,107 shares of the software maker's stock after purchasing an additional 7,380 shares during the quarter. Sei Investments Co.'s holdings in SAP were worth $43,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC bought a new position in shares of SAP during the fourth quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the 4th quarter valued at $27,000. Rakuten Securities Inc. grew its holdings in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT increased its position in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in SAP in the fourth quarter valued at about $42,000.

SAP Stock Down 0.2 %

Shares of SAP stock traded down $0.61 during trading on Friday, reaching $267.54. 80,535 shares of the company traded hands, compared to its average volume of 904,565. The firm has a market capitalization of $328.68 billion, a PE ratio of 93.05, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The company has a 50 day moving average price of $276.95 and a 200-day moving average price of $251.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

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SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. As a group, equities research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAP. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Barclays boosted their target price on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. BMO Capital Markets raised their price target 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and boosted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has a consensus rating of "Buy" and a consensus target price of $248.83.

SAP 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.