NewEdge Wealth LLC Has $4.33 Million Stock Holdings in SAP SE (NYSE:SAP)

NewEdge Wealth LLC raised its stake in SAP SE (NYSE:SAP) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,573 shares of the software maker’s stock after acquiring an additional 1,299 shares during the period. NewEdge Wealth LLC’s holdings in SAP were worth $4,327,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Foster Group Inc. grew its position in SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after acquiring an additional 45 shares during the last quarter. Wedmont Private Capital grew its position in SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after acquiring an additional 46 shares during the last quarter. Addison Advisors LLC grew its position in SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after acquiring an additional 46 shares during the last quarter. Confluence Investment Management LLC grew its position in SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after acquiring an additional 49 shares during the last quarter. Finally, PDS Planning Inc grew its position in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares during the last quarter.

SAP Stock Down 4.0 %

Shares of SAP stock opened at $274.41 on Friday. SAP SE has a one year low of $175.08 and a one year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock’s 50-day moving average is $268.63 and its 200 day moving average is $243.35. The firm has a market cap of $337.12 billion, a price-to-earnings ratio of 95.61, a PEG ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last announced its earnings results 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 net margin of 9.17% and a return on equity of 12.18%. Equities research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SAP shares. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets upped their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP currently 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.