Opal Wealth Advisors LLC Invests $204,000 in SAP SE (NYSE:SAP)

Opal Wealth Advisors LLC purchased a new position in SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 829 shares of the software maker’s stock, valued at approximately $204,000.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC purchased a new stake in SAP in the fourth quarter worth about $290,023,000. Principal Financial Group Inc. lifted its stake in SAP by 0.8% in the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after acquiring an additional 4,775 shares during the period. JPMorgan Chase & Co. lifted its stake in SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares during the period. Finally, Stifel Financial Corp lifted its stake in SAP by 12.5% in the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after acquiring an additional 23,352 shares during the period.

Analyst Ratings Changes

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

SAP Price Performance

Shares of NYSE:SAP opened at $280.76 on Tuesday. SAP SE has a twelve month low of $173.09 and a twelve month high of $283.90. The company’s 50 day moving average is $258.32 and its 200 day moving average is $235.94. 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 company has a market cap of $344.92 billion, a PE ratio of 97.83, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. On average, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current 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.