Foster Group Inc. Boosts Stake in SAP SE (NYSE:SAP)

Foster Group Inc. lifted its holdings in shares of SAP SE (NYSE:SAP) by 4.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,089 shares of the software maker’s stock after acquiring an additional 45 shares during the quarter. Foster Group Inc.’s holdings in SAP were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SAP. Holocene Advisors LP bought a new stake in shares of SAP in the third quarter worth $10,869,000. Atomi Financial Group Inc. boosted its position in SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after purchasing an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after purchasing an additional 11,057 shares during the period. JPMorgan Chase & Co. increased its position in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of SAP by 1,496.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after purchasing an additional 8,380 shares during the period.

Analysts Set New Price Targets

A number of brokerages have commented on SAP. JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays increased their target price on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets lifted their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $276.00.

SAP Stock Performance

Shares of NYSE SAP opened at $273.49 on Wednesday. The company has a market cap of $335.99 billion, a P/E ratio of 109.40, a P/E/G ratio of 3.89 and a beta of 1.22. SAP SE has a 52-week low of $173.05 and a 52-week high of $277.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s fifty day moving average is $250.48 and its two-hundred day moving average is $231.22.

SAP (NYSE:SAP) last issued 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 return on equity of 11.44% and a net margin of 8.15%. As a group, analysts anticipate that SAP SE will post 4.64 EPS 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.