Avantax Advisory Services Inc. Has $5.38 Million Position in SAP SE (NYSE:SAP)

Avantax Advisory Services Inc. grew its holdings in SAP SE (NYSE:SAP) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,835 shares of the software maker’s stock after purchasing an additional 3,569 shares during the quarter. Avantax Advisory Services Inc.’s holdings in SAP were worth $5,376,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Holocene Advisors LP acquired a new stake in shares of SAP in the third quarter valued at about $10,869,000. Atomi Financial Group Inc. lifted 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 valued at $3,074,000 after buying an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in shares of SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after buying an additional 11,057 shares during the period. JPMorgan Chase & Co. lifted its stake 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 valued at $125,654,000 after buying an additional 7,667 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of SAP by 98.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock valued at $633,000 after buying an additional 1,279 shares during the period.

SAP Stock Performance

NYSE:SAP opened at $264.05 on Friday. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The firm has a 50 day moving average of $273.62 and a 200-day moving average of $247.62. 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 stock has a market capitalization of $324.38 billion, a P/E ratio of 92.00, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last posted its earnings results 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%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities raised their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. BMO Capital Markets raised their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $248.83.

About SAP

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.