SAP SE (NYSE:SAP) Shares Acquired by Albion Financial Group UT

Albion Financial Group UT lifted its position in SAP SE (NYSE:SAP) by 122.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129 shares of the software maker’s stock after buying an additional 71 shares during the quarter. Albion Financial Group UT’s holdings in SAP were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in 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 purchasing an additional 1,866,468 shares during the period. International Assets Investment Management LLC purchased a new stake in SAP during the 3rd quarter worth approximately $40,573,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after buying an additional 142,270 shares in the last quarter. Marshall Wace LLP purchased a new position in SAP in the 2nd quarter valued at approximately $21,479,000. Finally, Mediolanum International Funds Ltd acquired a new position in shares of SAP in the third quarter worth $17,376,000.

SAP Stock Up 1.3 %

Shares of NYSE SAP opened at $272.91 on Thursday. The stock has a market cap of $335.27 billion, a PE ratio of 109.16, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22. SAP SE has a 52-week low of $161.07 and a 52-week high of $275.10. The business has a 50-day moving average price of $246.91 and a 200 day moving average price of $229.16. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. Equities research analysts forecast that SAP SE will post 4.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their target price 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 research report on Wednesday, January 15th. BMO Capital Markets raised their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Barclays boosted their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, JMP Securities lifted their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $263.17.

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.