Northern Financial Advisors Inc Has $1.37 Million Stock Position in SAP SE (NYSE:SAP)

Northern Financial Advisors Inc cut its holdings in SAP SE (NYSE:SAP) by 6.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,544 shares of the software maker’s stock after selling 389 shares during the period. Northern Financial Advisors Inc’s holdings in SAP were worth $1,365,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in shares of SAP by 127.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,155 shares of the software maker’s stock worth $13,166,000 after purchasing an additional 30,361 shares in the last quarter. Certuity LLC boosted its stake in shares of SAP by 13.6% in the fourth quarter. Certuity LLC now owns 1,820 shares of the software maker’s stock valued at $448,000 after buying an additional 218 shares during the period. Portfolio Design Labs LLC acquired a new stake in SAP during the fourth quarter worth approximately $328,000. New Republic Capital LLC increased its stake in SAP by 49.7% during the 4th quarter. New Republic Capital LLC now owns 1,714 shares of the software maker’s stock worth $422,000 after acquiring an additional 569 shares during the period. Finally, Equitable Trust Co. raised its holdings in SAP by 1,859.9% in the 4th quarter. Equitable Trust Co. now owns 18,482 shares of the software maker’s stock valued at $4,550,000 after acquiring an additional 17,539 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on SAP shares. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets lifted their price objective 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $248.83.

SAP Price Performance

Shares of NYSE:SAP opened at $293.64 on Friday. SAP SE has a one year low of $174.88 and a one year 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. The company has a market cap of $360.73 billion, a price-to-earnings ratio of 102.31, a PEG ratio of 4.63 and a beta of 1.23. The firm has a 50 day simple moving average of $260.76 and a 200 day simple moving average of $237.35.

SAP (NYSE:SAP) last announced its quarterly earnings results 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 net margin of 9.17% and a return on equity of 12.18%. Research analysts predict 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.