SAP SE (NYSE:SAP) Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC lifted its position in shares of SAP SE (NYSE:SAP) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,449 shares of the software maker’s stock after purchasing an additional 163 shares during the period. Wealthspire Advisors LLC’s holdings in SAP were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SAP. Centricity Wealth Management LLC purchased a new position in SAP during the 4th quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the fourth quarter worth about $27,000. Albion Financial Group UT grew its holdings in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group acquired a new position in SAP in the 3rd quarter valued at about $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in SAP during the 3rd quarter worth approximately $47,000.

SAP Stock Performance

Shares of NYSE SAP opened at $274.41 on Friday. The company has a 50-day simple moving average of $268.63 and a 200-day simple moving average of $243.35. 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 company has a market cap of $337.12 billion, a PE ratio of 95.61, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 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, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SAP. Barclays lifted their price objective 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. JMP Securities increased their price target 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. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently 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.