Modera Wealth Management LLC Purchases 113 Shares of SAP SE (NYSE:SAP)

Modera Wealth Management LLC boosted its holdings in shares of SAP SE (NYSE:SAP) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,864 shares of the software maker’s stock after buying an additional 113 shares during the period. Modera Wealth Management LLC’s holdings in SAP were worth $951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Oppenheimer & Co. Inc. boosted its position in shares of SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after acquiring an additional 38 shares during the last quarter. Foster Group Inc. increased its holdings in shares of SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after buying an additional 45 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after buying an additional 46 shares during the last quarter. Addison Advisors LLC raised its position in shares of SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after buying an additional 46 shares in the last quarter. Finally, Confluence Investment Management LLC grew its position in SAP by 1.1% in the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after acquiring an additional 49 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on SAP. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. JMP Securities boosted 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. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the company 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 research note on Wednesday, January 15th. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Stock Up 2.1 %

Shares of SAP stock opened at $280.81 on Tuesday. 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 SE has a 52-week low of $175.08 and a 52-week high of $293.70. The company’s 50 day moving average price is $269.83 and its 200-day moving average price is $244.75. The stock has a market capitalization of $344.98 billion, a price-to-earnings ratio of 97.84, a P/E/G ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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 research analysts forecast that SAP SE will post 6.55 EPS for the current year.

About SAP

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.