Segall Bryant & Hamill LLC Buys Shares of 41,972 SAP SE (NYSE:SAP)

Segall Bryant & Hamill LLC purchased a new position in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 41,972 shares of the software maker’s stock, valued at approximately $10,334,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Congress Wealth Management LLC DE grew its holdings in SAP by 14.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 5,290 shares of the software maker’s stock worth $1,303,000 after acquiring an additional 680 shares during the period. LPL Financial LLC boosted its position in shares of SAP by 20.1% in the 4th quarter. LPL Financial LLC now owns 119,155 shares of the software maker’s stock worth $29,337,000 after purchasing an additional 19,911 shares during the last quarter. Guardian Partners Inc. acquired a new stake in shares of SAP during the fourth quarter worth $12,850,000. Fox Run Management L.L.C. bought a new stake in SAP in the fourth quarter valued at about $310,000. Finally, Sei Investments Co. lifted its stake in SAP by 4.4% in the fourth quarter. Sei Investments Co. now owns 176,107 shares of the software maker’s stock valued at $43,359,000 after buying an additional 7,380 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SAP. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Barclays increased their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Nine 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 $248.83.

SAP Price Performance

SAP stock opened at $267.82 on Thursday. The stock has a market cap of $329.01 billion, a PE ratio of 93.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The stock has a 50-day moving average price of $276.82 and a two-hundred day moving average price of $250.97. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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%. Equities analysts forecast that SAP SE will post 6.55 EPS for the current fiscal 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.