Journey Advisory Group LLC grew its stake in shares of SAP SE (NYSE:SAP – Free Report) by 976.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 17,713 shares of the software maker’s stock after acquiring an additional 16,068 shares during the period. Journey Advisory Group LLC’s holdings in SAP were worth $3,033,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Binnacle Investments Inc increased its holdings in SAP by 14.2% during the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after purchasing an additional 42 shares during the period. Spire Wealth Management lifted its holdings in shares of SAP by 6.2% in the 4th quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock worth $180,000 after buying an additional 43 shares during the period. Thrivent Financial for Lutherans grew its position in shares of SAP by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after buying an additional 43 shares in the last quarter. Euro Pacific Asset Management LLC grew its position in shares of SAP by 5.7% during the 4th quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock worth $213,000 after buying an additional 47 shares in the last quarter. Finally, Modera Wealth Management LLC lifted its stake in SAP by 1.2% in the fourth quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker’s stock worth $950,000 after acquiring an additional 48 shares during the period.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. TD Cowen reissued a “buy” rating on shares of SAP in a research report on Thursday, May 14th. BMO Capital Markets lowered their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Barclays boosted their price objective on shares of SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus price target of $283.40.
SAP Stock Up 0.8%
Shares of SAP stock opened at $156.00 on Thursday. The stock’s fifty day moving average price is $167.41 and its 200 day moving average price is $188.34. SAP SE has a 1-year low of $148.06 and a 1-year high of $309.73. The company has a market cap of $191.65 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 1.77 and a beta of 1.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.
SAP (NYSE:SAP – Get Free Report) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The company had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. On average, research analysts expect that SAP SE will post 8.3 earnings per share for the current fiscal year.
SAP Company Profile
SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.
SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.
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