Gries Financial LLC Purchases Shares of 964 SAP SE (NYSE:SAP)

Gries Financial LLC acquired a new position in shares of SAP SE (NYSE:SAP) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 964 shares of the software maker’s stock, valued at approximately $237,000.

A number of other large investors have also made changes to their positions in SAP. BOCHK Asset Management Ltd bought a new position in SAP during the fourth quarter valued at about $74,000. R Squared Ltd acquired a new stake in shares of SAP during the 4th quarter worth approximately $113,000. Foster Group Inc. increased its position 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 valued at $268,000 after purchasing an additional 45 shares during the period. BSW Wealth Partners raised its stake in shares of SAP by 12.8% in the fourth quarter. BSW Wealth Partners now owns 1,261 shares of the software maker’s stock valued at $310,000 after purchasing an additional 143 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in SAP by 4.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,568 shares of the software maker’s stock worth $672,000 after purchasing an additional 102 shares during the period.

SAP Trading Up 1.0 %

SAP stock opened at $279.47 on Friday. The business has a fifty day moving average price of $252.13 and a 200 day moving average price of $232.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a fifty-two week low of $173.05 and a fifty-two week high of $280.53. The stock has a market capitalization of $343.33 billion, a price-to-earnings ratio of 97.38, a P/E/G ratio of 3.93 and a beta of 1.22.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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 12.42%. Analysts expect that SAP SE will post 6.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.