SAP SE (NYSE:SAP) Shares Purchased by First Affirmative Financial Network

First Affirmative Financial Network lifted its holdings in SAP SE (NYSE:SAP) by 6.0% during the fourth quarter, Holdings Channel reports. The fund owned 6,876 shares of the software maker’s stock after buying an additional 388 shares during the quarter. SAP makes up 1.0% of First Affirmative Financial Network’s holdings, making the stock its 15th largest holding. First Affirmative Financial Network’s holdings in SAP were worth $1,693,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SAP. Holocene Advisors LP acquired a new position in shares of SAP in the third quarter worth about $10,869,000. Atomi Financial Group Inc. boosted its position in SAP by 38.9% during 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 in the last quarter. Mount Yale Investment Advisors LLC grew its holdings in 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 purchasing an additional 11,057 shares during the period. JPMorgan Chase & Co. raised its stake 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 worth $125,654,000 after buying an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in shares of SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after buying an additional 8,380 shares in the last quarter.

Analyst Ratings Changes

SAP has been the topic of several recent analyst reports. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets raised their price target on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays lifted their target price on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $290.40.

SAP Trading Up 1.1 %

Shares of SAP stock opened at $276.87 on Thursday. SAP SE has a twelve month low of $173.05 and a twelve month high of $279.14. The stock has a market cap of $340.13 billion, a price-to-earnings ratio of 110.75, a PEG ratio of 3.89 and a beta of 1.22. The company’s 50-day moving average price is $251.29 and its 200-day moving average price is $231.70. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

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 analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. As a group, equities analysts predict that SAP SE will post 4.64 earnings per share for the current year.

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.