Wealthstream Advisors Inc. Acquires New Stake in SAP SE (NYSE:SAP)

Wealthstream Advisors Inc. bought a new stake in shares of SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 876 shares of the software maker’s stock, valued at approximately $216,000.

Several other institutional investors have also added to or reduced their stakes in the business. Holocene Advisors LP purchased a new stake in SAP during the 3rd quarter valued at about $10,869,000. Atomi Financial Group Inc. boosted its stake in shares of SAP by 38.9% during the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC grew its holdings 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 worth $4,030,000 after purchasing an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of SAP by 1.4% in 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 during the period. Finally, Benjamin Edwards Inc. raised its holdings in SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after buying an additional 8,380 shares during the last quarter.

SAP Trading Down 1.8 %

NYSE SAP opened at $282.87 on Monday. The firm has a market capitalization of $347.50 billion, a PE ratio of 98.56, a P/E/G ratio of 4.71 and a beta of 1.23. The stock’s 50 day moving average is $265.88 and its 200 day moving average is $241.73. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on SAP. JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. 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 increased their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $248.83.

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.