Parallel Advisors LLC Purchases 769 Shares of SAP SE (NYSE:SAP)

Parallel Advisors LLC grew its position in shares of SAP SE (NYSE:SAP) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,506 shares of the software maker’s stock after buying an additional 769 shares during the period. Parallel Advisors LLC’s holdings in SAP were worth $1,602,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SAP. Holocene Advisors LP acquired a new stake in SAP in the 3rd quarter worth about $10,869,000. Atomi Financial Group Inc. raised its position in shares of SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after buying an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its stake in shares of 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 buying an additional 11,057 shares during the period. JPMorgan Chase & Co. grew 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 buying an additional 7,667 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in SAP by 152.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock worth $101,969,000 after acquiring an additional 249,824 shares during the period.

SAP Stock Up 0.4 %

Shares of NYSE:SAP opened at $270.75 on Wednesday. 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. The company has a market capitalization of $332.62 billion, a PE ratio of 94.34, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The company has a fifty day moving average of $274.50 and a 200-day moving average of $248.77.

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 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, equities analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Ratings Changes

SAP has been the subject of a number of recent analyst reports. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays boosted their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets increased their price target 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. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has an average rating of “Buy” and an average price target of $248.83.

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.