Addison Advisors LLC Has $390,000 Stock Holdings in SAP SE (NYSE:SAP)

Addison Advisors LLC lifted its stake in shares of SAP SE (NYSE:SAP) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,586 shares of the software maker’s stock after purchasing an additional 46 shares during the quarter. Addison Advisors LLC’s holdings in SAP were worth $390,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SAP. Allspring Global Investments Holdings LLC grew its holdings in shares of SAP by 376.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 23,794 shares of the software maker’s stock worth $5,451,000 after purchasing an additional 18,799 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of SAP by 6.4% during the 3rd quarter. Private Advisor Group LLC now owns 4,310 shares of the software maker’s stock worth $987,000 after purchasing an additional 260 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of SAP during the 3rd quarter worth $40,573,000. Arkadios Wealth Advisors lifted its position in shares of SAP by 14.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,342 shares of the software maker’s stock worth $307,000 after buying an additional 172 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of SAP by 1.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,973 shares of the software maker’s stock worth $6,180,000 after buying an additional 454 shares during the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $284.39 on Tuesday. The business’s 50-day moving average price is $266.51 and its 200-day moving average price is $242.28. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The firm has a market capitalization of $349.37 billion, a price-to-earnings ratio of 99.09, a PEG ratio of 4.71 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last announced its quarterly 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%. Equities research analysts forecast that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on SAP shares. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Finally, BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $248.83.

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.