Wingate Wealth Advisors Inc. Takes Position in SAP SE (NYSE:SAP)

Wingate Wealth Advisors Inc. bought a new stake in SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 262 shares of the software maker’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new stake in shares of SAP in the third quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP in the fourth quarter valued at approximately $27,000. Albion Financial Group UT boosted its stake in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after buying an additional 71 shares during the period. Brooklyn Investment Group bought a new stake in shares of SAP in the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of SAP in the third quarter valued at approximately $47,000.

SAP Stock Up 0.4 %

Shares of SAP opened at $280.76 on Tuesday. SAP SE has a 52 week low of $173.09 and a 52 week high of $283.90. The stock has a market capitalization of $344.92 billion, a price-to-earnings ratio of 97.83, a PEG ratio of 4.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a fifty day moving average of $258.32 and a 200-day moving average of $235.94.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP currently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Company 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.