TD Private Client Wealth LLC Acquires 679 Shares of SAP SE (NYSE:SAP)

TD Private Client Wealth LLC grew its holdings in SAP SE (NYSE:SAP) by 45.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,158 shares of the software maker’s stock after acquiring an additional 679 shares during the quarter. TD Private Client Wealth LLC’s holdings in SAP were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Oppenheimer & Co. Inc. increased its stake in SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after acquiring an additional 38 shares during the period. Lindbrook Capital LLC increased its position in shares of SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock valued at $538,000 after purchasing an additional 43 shares during the period. Foster Group Inc. lifted its position in SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares during the period. Wedmont Private Capital boosted its stake in SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after buying an additional 46 shares in the last quarter. Finally, Addison Advisors LLC increased its holdings in SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after buying an additional 46 shares during the period.

SAP Stock Up 1.1 %

Shares of SAP opened at $275.61 on Tuesday. The company has a market capitalization of $338.59 billion, a P/E ratio of 96.03, a PEG ratio of 4.71 and a beta of 1.25. SAP SE has a one year low of $175.08 and a one year high of $293.70. The business’s 50 day simple moving average is $276.16 and its 200-day simple moving average is $250.37. 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 (NYSE:SAP) last announced its 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 return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of analyst reports. JMP Securities raised their price objective 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. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average 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.