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

First Horizon Advisors Inc. grew its stake in shares of SAP SE (NYSE:SAP) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,053 shares of the software maker’s stock after buying an additional 229 shares during the period. First Horizon Advisors Inc.’s holdings in SAP were worth $752,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Foster Group Inc. boosted its holdings in shares of SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of SAP by 1.1% during the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares during the last quarter. PDS Planning Inc boosted its holdings in shares of SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of SAP by 5.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after purchasing an additional 52 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SAP. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. 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 upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets lifted 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. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Trading Up 0.5 %

Shares of SAP opened at $284.39 on Tuesday. The stock’s 50-day moving average is $266.51 and its two-hundred day moving average is $242.28. The stock 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. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. Equities analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal 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.