2 weeks Ago By ABMN Staff
LPL Financial LLC raised its stake in SAP SE ( NYSE:SAP – Free Report ) by 20.1% during the fourth quarter, HoldingsChannel.com reports.
The institutional investor owned 119,155 shares of the software maker’s stock after acquiring an additional 19,911 shares during the period. LPL Financial LLC’s holdings in SAP were worth $29,337,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently made changes to their positions in the company.
Oppenheimer & Co. Inc. lifted its stake in SAP by 4.
1% in the 4th quarter. Oppenheimer & Co. Inc.
now owns 955 shares of the software maker’s stock valued at $235,000 after acquiring an additional 38 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of SAP by 2.0% in the fourth quarter.
Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after purchasing an additional 43 shares in the last quarter. Foster Group Inc. boosted its holdings in SAP by 4.
3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares during the last quarter.
Wedmont Private Capital increased its stake in SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after buying an additional 46 shares during the last quarter.
Finally, Addison Advisors LLC lifted its position in SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after buying an additional 46 shares in the last quarter.
Wall Street Analyst Weigh In A number of analysts recently issued reports on SAP shares. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.
00 in a research 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. JMP Securities raised their target price on shares of SAP from $300.
00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $38.
00 price objective on shares of SAP in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $248.83.
SAP Trading Down 0.1 % Shares of SAP stock opened at $267.83 on Friday.
SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70.
The company has a market capitalization of $329.03 billion, a price-to-earnings ratio of 93.32, a P/E/G ratio of 4.
71 and a beta of 1.25. The business has a fifty day simple moving average of $277.
05 and a two-hundred day simple moving average of $251.73. The company has a debt-to-equity ratio of 0.
16, a current ratio of 1.12 and a quick ratio of 1.10.
SAP ( NYSE:SAP – Get Free Report ) last announced 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 return on equity of 12.
18% and a net margin of 9.17%. Research analysts forecast that SAP SE will post 6.
55 EPS for the current year. SAP Company Profile ( Free Report ) 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.
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