Congress Wealth Management LLC DE Purchases 680 Shares of SAP SE (NYSE:SAP)

Congress Wealth Management LLC DE raised its holdings in SAP SE (NYSE:SAP) by 14.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,290 shares of the software maker’s stock after purchasing an additional 680 shares during the period. Congress Wealth Management LLC DE’s holdings in SAP were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SAP. Fisher Asset Management LLC increased its stake in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after acquiring an additional 403,956 shares during the period. WCM Investment Management LLC bought a new position in SAP during the fourth quarter worth about $290,023,000. Raymond James Financial Inc. acquired a new stake in SAP during the fourth quarter valued at approximately $150,668,000. Principal Financial Group Inc. grew its stake in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after purchasing an additional 4,775 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after buying an additional 7,667 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Barclays upped their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Price Performance

Shares of SAP stock opened at $268.16 on Friday. SAP SE has a 1 year low of $175.08 and a 1 year 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 firm’s 50 day moving average is $276.95 and its 200-day moving average is $251.09. The firm has a market capitalization of $329.43 billion, a price-to-earnings ratio of 93.43, a PEG ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. Sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

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.