AA Financial Advisors LLC acquired a new position in SAP SE (NYSE:SAP – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,534 shares of the software maker’s stock, valued at approximately $378,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new position in shares of SAP during the third quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP during the 4th quarter valued at about $27,000. Albion Financial Group UT grew its position in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new stake in SAP during the third quarter worth about $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of SAP during the third quarter worth about $47,000.
SAP Stock Up 1.0 %
SAP stock opened at $279.47 on Friday. SAP SE has a fifty-two week low of $173.05 and a fifty-two week high of $280.53. The firm has a market capitalization of $343.33 billion, a price-to-earnings ratio of 97.38, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. The stock’s fifty day moving average is $252.13 and its two-hundred day moving average is $232.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.
Analysts Set New Price Targets
SAP has been the subject of several recent research reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday. Finally, Barclays upped their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $248.83.
Read Our Latest Analysis on SAP
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.
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