Venturi Wealth Management LLC Increases Stake in SAP SE (NYSE:SAP)

Venturi Wealth Management LLC increased its holdings in SAP SE (NYSE:SAP) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,458 shares of the software maker’s stock after purchasing an additional 2,474 shares during the quarter. Venturi Wealth Management LLC’s holdings in SAP were worth $3,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SAP. Godsey & Gibb Inc. purchased a new position in shares of SAP in the third quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP in the 4th quarter worth approximately $27,000. Albion Financial Group UT lifted its position in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of SAP during the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC bought a new position in shares of SAP in the third quarter worth approximately $47,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Finally, BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Stock Performance

NYSE:SAP opened at $290.49 on Tuesday. The company has a market cap of $356.86 billion, a price-to-earnings ratio of 101.21, a PEG ratio of 4.63 and a beta of 1.23. The stock’s 50 day simple moving average is $262.25 and its two-hundred day simple moving average is $238.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 1 year low of $174.88 and a 1 year high of $293.70.

SAP (NYSE:SAP) last issued its quarterly earnings results 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 net margin of 9.17% and a return on equity of 12.18%. As a group, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.