Financial Advocates Investment Management Increases Stake in SAP SE (NYSE:SAP)

Financial Advocates Investment Management increased its position in shares of SAP SE (NYSE:SAP) by 62.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,115 shares of the software maker’s stock after purchasing an additional 1,967 shares during the period. Financial Advocates Investment Management’s holdings in SAP were worth $1,259,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Foster Group Inc. grew its position in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after acquiring an additional 45 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares during the last quarter. Confluence Investment Management LLC increased its stake in SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after buying an additional 49 shares during the period. PDS Planning Inc lifted its holdings in SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after buying an additional 52 shares during the period.

Analyst Ratings Changes

SAP has been the topic of a number of research reports. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 target price 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.com, SAP presently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Stock Up 0.0 %

SAP stock opened at $283.20 on Friday. The stock has a market capitalization of $347.91 billion, a PE ratio of 98.68, a price-to-earnings-growth ratio of 4.53 and a beta of 1.23. SAP SE has a 52 week low of $173.09 and a 52 week high of $283.86. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $256.46 and a 200 day moving average of $234.72.

SAP (NYSE:SAP) last posted its quarterly earnings data 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%. Sell-side analysts forecast that SAP SE will post 6.53 earnings per share for the current 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.