Quadrant Capital Group LLC Purchases 323 Shares of SAP SE (NYSE:SAP)

Quadrant Capital Group LLC boosted its holdings in shares of SAP SE (NYSE:SAP) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,162 shares of the software maker’s stock after acquiring an additional 323 shares during the period. Quadrant Capital Group LLC’s holdings in SAP were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in SAP by 3.3% during the fourth quarter. Russell Investments Group Ltd. now owns 107,735 shares of the software maker’s stock valued at $26,525,000 after buying an additional 3,449 shares during the period. Wedbush Securities Inc. boosted its position in SAP by 25.2% during the 4th quarter. Wedbush Securities Inc. now owns 1,141 shares of the software maker’s stock valued at $281,000 after acquiring an additional 230 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in SAP by 30.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker’s stock valued at $288,583,000 after acquiring an additional 273,417 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of SAP by 31.5% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 10,117 shares of the software maker’s stock valued at $2,491,000 after acquiring an additional 2,422 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of SAP by 3.7% in the 4th quarter. Wells Fargo & Company MN now owns 937,267 shares of the software maker’s stock worth $230,764,000 after acquiring an additional 33,400 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on SAP shares. 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 note on Wednesday, January 29th. JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the stock 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 raised their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $248.83.

SAP Stock Down 5.7 %

SAP stock opened at $249.38 on Friday. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company has a market cap of $306.37 billion, a PE ratio of 86.89, a PEG ratio of 4.71 and a beta of 1.28. 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 business’s 50-day simple moving average is $276.41 and its two-hundred day simple moving average is $253.26.

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%. Equities analysts anticipate 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.