Davies Financial Advisors Inc. Takes Position in SAP SE (NYSE:SAP)

Davies Financial Advisors Inc. bought a new stake in shares of SAP SE (NYSE:SAP) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,366 shares of the software maker’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wedmont Private Capital lifted its holdings in shares of SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after acquiring an additional 46 shares during the period. Confluence Investment Management LLC increased its position in shares of SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares in the last quarter. PDS Planning Inc lifted its holdings in SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after purchasing an additional 51 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after buying an additional 52 shares in the last quarter. Finally, Drive Wealth Management LLC grew its stake in SAP by 2.9% during the third quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker’s stock worth $498,000 after buying an additional 61 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SAP shares. JMP Securities lifted their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen upgraded 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 report on Friday. BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays increased their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $263.17.

SAP Price Performance

SAP stock opened at $262.74 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $322.77 billion, a P/E ratio of 105.09, a PEG ratio of 3.72 and a beta of 1.22. The business has a 50-day moving average of $245.68 and a 200-day moving average of $228.29. SAP SE has a 1 year low of $158.94 and a 1 year high of $264.71.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS. On average, equities analysts anticipate that SAP SE will post 4.66 EPS for the current year.

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.