First Horizon Advisors Inc. Increases Position in SAP SE (NYSE:SAP)

First Horizon Advisors Inc. lifted its holdings in shares of SAP SE (NYSE:SAP) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,053 shares of the software maker’s stock after acquiring an additional 229 shares during the quarter. First Horizon Advisors Inc.’s holdings in SAP were worth $752,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on SAP. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Stock Performance

Shares of NYSE SAP opened at $284.39 on Tuesday. The company has a market cap of $349.37 billion, a PE ratio of 99.09, a P/E/G ratio of 4.71 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The stock has a 50 day simple moving average of $266.51 and a 200-day simple moving average of $242.28.

SAP (NYSE:SAP) last released its 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, equities research analysts forecast that SAP SE will post 6.55 EPS for the current year.

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.