Angeles Wealth Management LLC Raises Position in SAP SE (NYSE:SAP)

Angeles Wealth Management LLC raised its holdings in shares of SAP SE (NYSE:SAP) by 18.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,665 shares of the software maker’s stock after buying an additional 254 shares during the period. Angeles Wealth Management LLC’s holdings in SAP were worth $410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAP. Godsey & Gibb Inc. bought a new position in SAP during the 3rd quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT grew its holdings in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of SAP in the third quarter worth $42,000. Finally, Prospera Private Wealth LLC bought a new stake in SAP during the 3rd quarter valued at $47,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SAP shares. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets boosted 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. JMP Securities lifted their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Trading Up 0.4 %

SAP opened at $280.76 on Tuesday. The stock has a market cap of $344.92 billion, a PE ratio of 97.83, a PEG ratio of 4.63 and a beta of 1.23. The business has a 50 day moving average of $258.32 and a 200-day moving average of $235.94. SAP SE has a 52 week low of $173.09 and a 52 week high of $283.90. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last released its 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%. Equities research analysts predict 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.