Abel Hall LLC Boosts Position in SAP SE (NYSE:SAP)

Abel Hall LLC grew its holdings in SAP SE (NYSE:SAPFree Report) by 3.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,892 shares of the software maker’s stock after purchasing an additional 60 shares during the period. Abel Hall LLC’s holdings in SAP were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SAP. Holocene Advisors LP acquired a new position in SAP during the third quarter valued at $10,869,000. Atomi Financial Group Inc. boosted its stake in shares of SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after buying an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in SAP by 208.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after acquiring an additional 11,057 shares during the period. JPMorgan Chase & Co. raised its position in SAP by 1.4% during the third 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 in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in SAP by 1,496.4% in the third 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 period.

SAP Stock Up 1.1 %

SAP stock opened at $276.87 on Thursday. SAP SE has a 52 week low of $173.05 and a 52 week high of $279.14. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $251.29 and a 200-day simple moving average of $231.70. The stock has a market capitalization of $340.13 billion, a P/E ratio of 110.75, a P/E/G ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAPGet Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. Equities analysts forecast that SAP SE will post 4.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAP has been the topic of a number of analyst reports. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays raised their price target on shares of SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. JMP Securities upped their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $290.40.

Read Our Latest Report on SAP

About SAP

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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