Choreo LLC Grows Stake in SAP SE (NYSE:SAP)

Choreo LLC lifted its stake in SAP SE (NYSE:SAP) by 17.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,311 shares of the software maker’s stock after acquiring an additional 3,566 shares during the quarter. Choreo LLC’s holdings in SAP were worth $6,046,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Foster Group Inc. grew its position in shares of SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital boosted its holdings in 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 period. Confluence Investment Management LLC raised its holdings in shares of SAP by 1.1% during the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares during the period. PDS Planning Inc lifted its position in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after buying an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of 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.

Analysts Set New Price Targets

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

SAP Trading Up 1.8 %

NYSE:SAP opened at $283.22 on Thursday. SAP SE has a 1 year low of $173.09 and a 1 year high of $283.41. The business has a fifty day moving average of $255.44 and a 200-day moving average of $234.38. 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 market cap of $347.93 billion, a price-to-earnings ratio of 98.68, a PEG ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP) last released its earnings results 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 net margin of 9.17% and a return on equity of 12.18%. Equities analysts predict that SAP SE will post 6.53 earnings per share for the current year.

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.