SAP SE (NYSE:SAP) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its position in SAP SE (NYSE:SAP) by 164.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,681 shares of the software maker’s stock after acquiring an additional 1,667 shares during the period. Steward Partners Investment Advisory LLC’s holdings in SAP were worth $660,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. FMR LLC increased its holdings in shares of SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares during the period. Fisher Asset Management LLC increased its holdings in shares of SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after acquiring an additional 403,956 shares during the period. WCM Investment Management LLC acquired a new stake in shares of SAP in the 4th quarter worth about $290,023,000. Principal Financial Group Inc. increased its holdings in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after acquiring an additional 4,775 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after buying an additional 7,667 shares during the period.

SAP Trading Down 0.3 %

Shares of SAP stock opened at $260.43 on Wednesday. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The firm’s fifty day simple moving average is $272.58 and its 200 day simple moving average is $247.11. The firm has a market capitalization of $319.94 billion, a P/E ratio of 90.74, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. 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 posted its quarterly earnings results 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 return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts predict that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on SAP. BMO Capital Markets raised their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. JMP Securities lifted 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Barclays lifted their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $248.83.

About SAP

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.