Foresight Global Investors Inc. Has $26.12 Million Stock Position in SAP SE (NYSE:SAP)

Foresight Global Investors Inc. cut its position in SAP SE (NYSE:SAP) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,089 shares of the software maker’s stock after selling 8,937 shares during the quarter. SAP accounts for about 19.1% of Foresight Global Investors Inc.’s holdings, making the stock its biggest holding. Foresight Global Investors Inc.’s holdings in SAP were worth $26,120,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SAP. Oppenheimer & Co. Inc. grew its stake in SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after purchasing an additional 38 shares during the period. Lindbrook Capital LLC grew its stake in SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after purchasing an additional 43 shares during the period. Foster Group Inc. grew its stake in SAP by 4.3% during 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 grew 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 purchasing an additional 46 shares during the period. Finally, Addison Advisors LLC grew its stake in SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after purchasing an additional 46 shares during the period.

Analyst Ratings Changes

Several research firms recently commented on SAP. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada reissued 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 raised 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Stock Up 0.4 %

Shares of NYSE:SAP opened at $270.75 on Wednesday. The stock has a market cap of $332.62 billion, a price-to-earnings ratio of 94.34, a PEG ratio of 4.71 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.12 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 business’s 50 day moving average is $274.50 and its 200 day moving average is $248.77.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. On average, sell-side analysts forecast 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.