Congress Wealth Management LLC DE Has $1.30 Million Holdings in SAP SE (NYSE:SAP)

Congress Wealth Management LLC DE grew its holdings in SAP SE (NYSE:SAP) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,290 shares of the software maker’s stock after purchasing an additional 680 shares during the period. Congress Wealth Management LLC DE’s holdings in SAP were worth $1,303,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SAP. Centricity Wealth Management LLC acquired a new position in SAP in the 4th quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the 4th quarter valued at $27,000. Rakuten Securities Inc. increased its stake in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after acquiring an additional 108 shares during the last quarter. Albion Financial Group UT raised its holdings in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in SAP during the third quarter valued at $42,000.

SAP Stock Up 0.1 %

SAP opened at $268.16 on Friday. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The business has a 50 day moving average of $276.95 and a 200-day moving average of $251.09. The stock has a market capitalization of $329.43 billion, a price-to-earnings ratio of 93.43, a P/E/G 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 issued 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 net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SAP shares. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays lifted their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. BMO Capital Markets increased their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $248.83.

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.