44 Wealth Management LLC Purchases 700 Shares of SAP SE (NYSE:SAP)

44 Wealth Management LLC grew its position in SAP SE (NYSE:SAP) by 77.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,609 shares of the software maker’s stock after purchasing an additional 700 shares during the quarter. 44 Wealth Management LLC’s holdings in SAP were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in shares of SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. WCM Investment Management LLC bought a new position in shares of SAP in the fourth quarter valued at approximately $290,023,000. Principal Financial Group Inc. increased its position in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after acquiring an additional 4,775 shares during the period. JPMorgan Chase & Co. increased its position in SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares during the period. Finally, Stifel Financial Corp increased its position in SAP by 12.5% during the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after acquiring an additional 23,352 shares during the period.

SAP Stock Down 1.8 %

SAP opened at $282.87 on Friday. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The firm’s fifty day moving average price is $265.88 and its two-hundred day moving average price is $241.45. The company has a market capitalization of $347.50 billion, a P/E ratio of 98.56, a P/E/G ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analyst Ratings Changes

SAP has been the topic of a number of research reports. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Barclays boosted their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $248.83.

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.