19,697 Shares in SAP SE (NYSE:SAP) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new position in shares of SAP SE (NYSE:SAP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 19,697 shares of the software maker's stock, valued at approximately $4,850,000.

Other large investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new stake in SAP in the 3rd quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP in the 4th quarter worth about $27,000. Albion Financial Group UT increased its holdings in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new stake in SAP in the 3rd quarter worth about $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in SAP in the 3rd quarter worth about $47,000.

SAP Price Performance

Shares of NYSE SAP traded up $2.67 during midday trading on Thursday, hitting $293.64. 757,366 shares of the company's stock were exchanged, compared to its average volume of 1,055,148. SAP SE has a 12-month low of $174.88 and a 12-month high of $293.70. 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 company has a market cap of $360.73 billion, a price-to-earnings ratio of 102.31, a PEG ratio of 4.63 and a beta of 1.23. The business's fifty day moving average price is $260.76 and its two-hundred day moving average price is $237.35.

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

Analysts Set New Price Targets

SAP has been the subject of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. TD Cowen raised 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. Finally, Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP currently has an average rating of "Buy" and an average 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.