Iron Horse Wealth Management LLC Buys Shares of 232 SAP SE (NYSE:SAP)

Iron Horse Wealth Management LLC purchased a new position in SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 232 shares of the software maker’s stock, valued at approximately $57,000.

Several other institutional investors also recently modified their holdings of the business. Holocene Advisors LP purchased a new stake in shares of SAP during the 3rd quarter valued at about $10,869,000. Atomi Financial Group Inc. boosted its holdings in 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 purchasing an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC grew its position in SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after purchasing an additional 11,057 shares during the period. JPMorgan Chase & Co. increased 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 during 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 Performance

Shares of SAP stock opened at $283.20 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a market cap of $347.91 billion, a PE ratio of 98.68, a PEG ratio of 4.53 and a beta of 1.23. SAP SE has a 12-month low of $173.09 and a 12-month high of $283.86. The business’s fifty day simple moving average is $256.46 and its 200-day simple moving average is $234.72.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS 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 expect that SAP SE will post 6.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAP. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, TD Cowen upgraded shares of 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 report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $248.83.

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.