SAP SE (NYSE:SAP) Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC lifted its stake in shares of SAP SE (NYSE:SAP) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,568 shares of the software maker’s stock after buying an additional 102 shares during the period. Perigon Wealth Management LLC’s holdings in SAP were worth $672,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Baldwin Wealth Partners LLC MA acquired a new stake in SAP during the fourth quarter valued at $263,000. Mount Yale Investment Advisors LLC boosted its stake in shares of SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after acquiring an additional 11,057 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of SAP in the 4th quarter valued at about $27,000. Blue Trust Inc. raised its holdings in SAP by 35.3% in the 4th quarter. Blue Trust Inc. now owns 7,829 shares of the software maker’s stock worth $1,794,000 after purchasing an additional 2,044 shares during the period. Finally, Granite Group Advisors LLC purchased a new position in SAP during the fourth quarter worth approximately $353,000.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent analyst reports. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets increased their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 target price on shares of SAP in a research note on Thursday. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Stock Down 1.1 %

Shares of NYSE SAP opened at $276.42 on Friday. The stock has a market cap of $339.58 billion, a PE ratio of 96.31, a P/E/G ratio of 3.93 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 12-month low of $173.05 and a 12-month high of $280.53. The company has a 50-day moving average of $253.00 and a 200 day moving average of $232.35.

SAP (NYSE:SAP) last posted its quarterly earnings results 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 12.42%. As a group, sell-side analysts predict that SAP SE will post 6.35 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.