SAP SE (NYSE:SAP) Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its position in shares of SAP SE (NYSE:SAP) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 2,726 shares of the software maker’s stock after acquiring an additional 180 shares during the quarter. Valeo Financial Advisors LLC’s holdings in SAP were worth $671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Holocene Advisors LP acquired a new position in shares of SAP during the 3rd quarter valued at about $10,869,000. Atomi Financial Group Inc. boosted its position in shares of SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after acquiring an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its position in shares of SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after acquiring an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after acquiring an additional 8,380 shares during the last quarter.

SAP Stock Down 1.1 %

Shares of NYSE:SAP opened at $290.49 on Monday. 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 firm has a market capitalization of $356.86 billion, a PE ratio of 101.21, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The firm’s 50-day moving average is $262.25 and its two-hundred day moving average is $238.52. SAP SE has a 1 year low of $174.88 and a 1 year high of $293.70.

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%. Analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SAP. BMO Capital Markets upped their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities upped their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has an average rating of “Buy” and an average target price of $248.83.

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.