Bleakley Financial Group LLC Buys 1,154 Shares of SAP SE (NYSE:SAP)

Bleakley Financial Group LLC raised its stake in SAP SE (NYSE:SAP) by 6.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,250 shares of the software maker’s stock after buying an additional 1,154 shares during the period. Bleakley Financial Group LLC’s holdings in SAP were worth $4,986,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Choreo LLC lifted its holdings in shares of SAP by 17.2% during the 4th quarter. Choreo LLC now owns 24,311 shares of the software maker’s stock valued at $6,046,000 after purchasing an additional 3,566 shares in the last quarter. WT Asset Management Ltd acquired a new stake in shares of SAP during the fourth quarter worth $17,259,000. Stratos Wealth Partners LTD. grew its holdings in shares of SAP by 20.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,278 shares of the software maker’s stock worth $807,000 after buying an additional 556 shares in the last quarter. Mather Group LLC. raised its holdings in shares of SAP by 13.3% in the fourth quarter. Mather Group LLC. now owns 1,950 shares of the software maker’s stock valued at $480,000 after purchasing an additional 229 shares during the last quarter. Finally, Optas LLC lifted its position in shares of SAP by 4.9% in the fourth quarter. Optas LLC now owns 3,276 shares of the software maker’s stock worth $807,000 after purchasing an additional 154 shares in the last quarter.

Wall Street Analyst Weigh In

SAP has been the topic of a number of recent research reports. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Barclays upped their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Stock Up 1.8 %

NYSE SAP opened at $283.22 on Thursday. SAP SE has a fifty-two week low of $173.09 and a fifty-two week high of $283.41. The business has a fifty day moving average price of $255.44 and a two-hundred day moving average price of $234.38. 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 has a market capitalization of $347.93 billion, a PE ratio of 98.68, a PEG ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP) last issued 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 return on equity of 12.18% and a net margin of 9.17%. Equities analysts expect that SAP SE will post 6.53 earnings per share for the current fiscal year.

About SAP

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.