Crestwood Advisors Group LLC Has $524,000 Stock Holdings in SAP SE (NYSE:SAP)

Crestwood Advisors Group LLC grew its position in shares of SAP SE (NYSE:SAP) by 58.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,128 shares of the software maker’s stock after purchasing an additional 782 shares during the quarter. Crestwood Advisors Group LLC’s holdings in SAP were worth $524,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Centricity Wealth Management LLC acquired a new stake in shares of SAP during the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP during the fourth quarter valued at about $27,000. Albion Financial Group UT lifted its stake in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares during the period. Brooklyn Investment Group acquired a new position in shares of SAP in the third quarter worth approximately $42,000. Finally, Financial Management Professionals Inc. lifted its stake in shares of SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after acquiring an additional 103 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAP. BMO Capital Markets lifted their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of SAP 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. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, JMP Securities lifted their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Price Performance

Shares of SAP opened at $286.94 on Wednesday. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The business’s 50 day moving average price is $267.23 and its two-hundred day moving average price is $242.84. The firm has a market cap of $352.51 billion, a PE ratio of 99.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts anticipate 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.