Horizon Investments LLC Buys 948 Shares of SAP SE (NYSE:SAP)

Horizon Investments LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,653 shares of the software maker’s stock after buying an additional 948 shares during the quarter. Horizon Investments LLC’s holdings in SAP were worth $3,115,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Centricity Wealth Management LLC bought a new position in SAP during the fourth quarter worth about $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the fourth quarter worth about $27,000. Rakuten Securities Inc. boosted its position in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT boosted its position in 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 purchasing an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in SAP during the fourth quarter worth about $42,000.

SAP Trading Up 0.4 %

Shares of SAP opened at $270.75 on Wednesday. The firm’s 50 day simple moving average is $274.50 and its 200 day simple moving average is $248.77. The company has a market capitalization of $332.62 billion, a P/E ratio of 94.34, a P/E/G ratio of 4.71 and a beta of 1.25. 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 SE has a 1-year low of $175.08 and a 1-year high of $293.70.

SAP (NYSE:SAP) last announced 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 net margin of 9.17% and a return on equity of 12.18%. Sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAP. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price target on shares of SAP in a 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. Finally, BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company 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.