Legacy Capital Wealth Partners LLC Grows Position in SAP SE (NYSE:SAP)

Legacy Capital Wealth Partners LLC grew its stake in shares of SAP SE (NYSE:SAP) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,504 shares of the software maker’s stock after buying an additional 176 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in SAP were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SAP. Nations Financial Group Inc. IA ADV acquired a new stake in shares of SAP during the fourth quarter worth $518,000. PUREfi Wealth LLC acquired a new stake in shares of SAP during the fourth quarter worth $473,000. ABC Arbitrage SA acquired a new stake in shares of SAP during the fourth quarter worth $8,414,000. Valeo Financial Advisors LLC boosted its holdings in shares of SAP by 7.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,726 shares of the software maker’s stock worth $671,000 after purchasing an additional 180 shares during the last quarter. Finally, Roman Butler Fullerton & Co. boosted its holdings in shares of SAP by 8.6% during the fourth quarter. Roman Butler Fullerton & Co. now owns 2,345 shares of the software maker’s stock worth $577,000 after purchasing an additional 185 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $248.83.

SAP Trading Down 1.1 %

Shares of SAP opened at $290.49 on Friday. The stock’s 50-day moving average is $262.25 and its two-hundred day moving average is $238.30. The stock has a market cap of $356.86 billion, a PE ratio of 101.21, a P/E/G ratio of 4.63 and a beta of 1.23. SAP SE has a 12 month low of $174.88 and a 12 month high of $293.70. 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) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS 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%. Equities analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP 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.