Crestwood Advisors Group LLC Acquires 782 Shares of SAP SE (NYSE:SAP)

Crestwood Advisors Group LLC raised its holdings in SAP SE (NYSE:SAP) by 58.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,128 shares of the software maker’s stock after purchasing an additional 782 shares during the quarter. Crestwood Advisors Group LLC’s holdings in SAP were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Foster Group Inc. grew its stake in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after purchasing an additional 45 shares during the period. Wedmont Private Capital grew its stake in SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares during the period. Confluence Investment Management LLC grew its stake in SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after purchasing an additional 49 shares during the period. PDS Planning Inc grew its stake in SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after purchasing an additional 51 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after purchasing an additional 52 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAP. JMP Securities upped 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets upped their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Barclays upped their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

Shares of SAP opened at $286.94 on Wednesday. The stock’s 50-day simple moving average is $267.23 and its 200 day simple moving average is $242.84. The stock has a market capitalization of $352.51 billion, a price-to-earnings ratio of 99.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70.

SAP (NYSE:SAP) last issued its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. Research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

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.