Connable Office Inc. Buys New Stake in SAP SE (NYSE:SAP)

Connable Office Inc. bought a new stake in SAP SE (NYSE:SAP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,868 shares of the software maker’s stock, valued at approximately $1,691,000.

Several other large investors have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. increased its position in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after acquiring an additional 38 shares during the period. Foster Group Inc. boosted its stake in SAP by 4.3% during 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 in the last quarter. Wedmont Private Capital boosted its stake in SAP by 2.4% during 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 in the last quarter. Addison Advisors LLC boosted its stake in SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after purchasing an additional 46 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its stake in SAP by 1.1% during 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 in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAP. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays increased their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Finally, JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP currently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

SAP opened at $275.68 on Friday. The firm has a market cap of $338.68 billion, a PE ratio of 96.06, a P/E/G ratio of 4.71 and a beta of 1.23. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $269.19 and a 200-day simple moving average of $243.84. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities analysts predict that SAP SE will post 6.55 EPS for the current fiscal 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.