Bleakley Financial Group LLC Purchases 1,154 Shares of SAP SE (NYSE:SAP)

Bleakley Financial Group LLC raised its holdings in shares of SAP SE (NYSE:SAP) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,250 shares of the software maker’s stock after purchasing an additional 1,154 shares during the quarter. Bleakley Financial Group LLC’s holdings in SAP were worth $4,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new position in shares of SAP in the 3rd quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP during the 4th quarter worth $27,000. Albion Financial Group UT grew its stake in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new position in SAP during the third quarter worth approximately $42,000. Finally, Financial Management Professionals Inc. grew its holdings in shares of SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after purchasing an additional 103 shares during the period.

SAP Stock Performance

NYSE:SAP opened at $283.22 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 1 year low of $173.09 and a 1 year high of $283.41. The firm’s fifty day simple moving average is $255.44 and its 200 day simple moving average is $234.38. The firm has a market capitalization of $347.93 billion, a PE ratio of 98.68, a PEG ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP) last released its quarterly earnings data 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 net margin of 9.17% and a return on equity of 12.18%. On average, sell-side analysts anticipate that SAP SE will post 6.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on SAP. BMO Capital Markets boosted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Finally, Barclays lifted their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average 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.