Veracity Capital LLC Raises Stock Holdings in SAP SE (NYSE:SAP)

Veracity Capital LLC raised its stake in shares of SAP SE (NYSE:SAP) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,132 shares of the software maker’s stock after acquiring an additional 53 shares during the period. Veracity Capital LLC’s holdings in SAP were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the period. Stifel Financial Corp grew its holdings in shares of SAP by 12.5% in the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after purchasing an additional 23,352 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after buying an additional 15,604 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SAP. TD Cowen raised 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 note on Friday, January 17th. BMO Capital Markets boosted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Barclays raised their price target on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday. JMP Securities upped their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $264.50.

SAP Stock Up 0.4 %

Shares of NYSE SAP opened at $276.41 on Friday. The business has a 50-day moving average price of $248.64 and a 200 day moving average price of $229.78. The stock has a market cap of $339.56 billion, a PE ratio of 110.56, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 52-week low of $172.32 and a 52-week high of $277.36.

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.