IFP Advisors Inc Acquires 499 Shares of SAP SE (NYSE:SAP)

IFP Advisors Inc boosted its position in SAP SE (NYSE:SAP) by 59.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,342 shares of the software maker’s stock after purchasing an additional 499 shares during the period. IFP Advisors Inc’s holdings in SAP were worth $331,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Centricity Wealth Management LLC purchased a new position in SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP in the fourth quarter valued at approximately $27,000. Albion Financial Group UT lifted its stake in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new position in SAP in the third quarter valued at approximately $42,000. Finally, Financial Management Professionals Inc. lifted its stake in SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after purchasing an additional 103 shares during the last quarter.

Analyst Upgrades and Downgrades

SAP has been the topic of several research analyst reports. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen upgraded 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 research report on Friday, January 17th. Barclays increased their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Trading Up 0.4 %

SAP stock opened at $275.68 on Friday. The stock has a market cap of $338.68 billion, a P/E ratio of 96.06, a PEG ratio of 4.71 and a beta of 1.23. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The firm’s fifty day moving average price is $269.19 and its 200-day moving average price is $244.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last released 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 research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal 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.