IFP Advisors Inc Purchases 499 Shares of SAP SE (NYSE:SAP)

IFP Advisors Inc boosted its position in SAP SE (NYSE:SAP) by 59.2% during the fourth quarter, Holdings Channel reports. The fund owned 1,342 shares of the software maker’s stock after acquiring an additional 499 shares during the period. IFP Advisors Inc’s holdings in SAP were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new position in SAP in the fourth quarter valued at $27,000. Lansing Street Advisors bought a new position in SAP in the fourth quarter valued at $241,000. Wealthspire Advisors LLC grew its stake in shares of SAP by 12.7% during the fourth quarter. Wealthspire Advisors LLC now owns 1,449 shares of the software maker’s stock valued at $357,000 after buying an additional 163 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of SAP by 8.1% during the fourth quarter. First Horizon Advisors Inc. now owns 3,053 shares of the software maker’s stock valued at $752,000 after buying an additional 229 shares during the last quarter. Finally, 44 Wealth Management LLC grew its stake in shares of SAP by 77.0% during the fourth quarter. 44 Wealth Management LLC now owns 1,609 shares of the software maker’s stock valued at $396,000 after buying an additional 700 shares during the last quarter.

SAP Stock Performance

SAP stock opened at $275.68 on Friday. 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 firm has a 50-day moving average of $269.19 and a 200-day moving average of $244.07. The firm has a market cap of $338.68 billion, a P/E ratio of 96.06, a P/E/G ratio of 4.71 and a beta of 1.23. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70.

SAP (NYSE:SAP) last posted its earnings results 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 return on equity of 12.18% and a net margin of 9.17%. Sell-side analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAP. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective 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 raised their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets raised their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus 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.