Vestmark Advisory Solutions Inc. boosted its holdings in SAP SE (NYSE:SAP - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,343 shares of the software maker's stock after acquiring an additional 2,822 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in SAP were worth $4,270,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Holocene Advisors LP bought a new stake in shares of SAP during the 3rd quarter worth about $10,869,000. Atomi Financial Group Inc. increased its stake in shares of SAP by 38.9% during the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock worth $3,074,000 after purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock worth $4,030,000 after purchasing an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock valued at $125,654,000 after purchasing an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. increased its position in SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker's stock worth $2,048,000 after buying an additional 8,380 shares during the period.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on SAP shares. Barclays boosted their target price on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. BMO Capital Markets raised their target price on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the company a "market 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 research note on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $248.83.
View Our Latest Report on SAP
SAP Price Performance
NYSE SAP traded down $15.60 on Monday, hitting $261.20. 1,790,039 shares of the company's stock were exchanged, compared to its average volume of 873,973. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The stock has a 50-day moving average of $272.04 and a 200-day moving average of $246.51. 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 cap of $320.89 billion, a price-to-earnings ratio of 91.01, a P/E/G 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 earnings per share 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%. Analysts expect that SAP SE will post 6.55 earnings per share for the current year.
About SAP
(
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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