Atria Wealth Solutions Inc. Raises Stock Position in SAP SE (NYSE:SAP)

Atria Wealth Solutions Inc. raised its stake in shares of SAP SE (NYSE:SAP) by 89.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,511 shares of the software maker’s stock after buying an additional 2,601 shares during the period. Atria Wealth Solutions Inc.’s holdings in SAP were worth $1,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC purchased a new stake in shares of SAP during the 4th quarter valued at about $290,023,000. Principal Financial Group Inc. lifted its stake in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after buying an additional 7,667 shares during the last quarter. Finally, Stifel Financial Corp grew its position in SAP by 12.5% during the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after buying an additional 23,352 shares during the period.

SAP Stock Performance

NYSE:SAP opened at $282.87 on Monday. The stock has a 50-day moving average price of $265.88 and a 200 day moving average price of $241.73. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The stock has a market capitalization of $347.50 billion, a P/E ratio of 98.56, a P/E/G ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.