Iron Horse Wealth Management LLC Acquires Shares of 232 SAP SE (NYSE:SAP)

Iron Horse Wealth Management LLC bought a new position in SAP SE (NYSE:SAP) during the fourth quarter, Holdings Channel reports. The firm bought 232 shares of the software maker’s stock, valued at approximately $57,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Eagle Ridge Investment Management purchased a new position in shares of SAP in the 4th quarter valued at about $201,000. Financial Advocates Investment Management increased its position in shares of SAP by 62.5% in the fourth quarter. Financial Advocates Investment Management now owns 5,115 shares of the software maker’s stock valued at $1,259,000 after buying an additional 1,967 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of SAP by 6.0% during the 4th quarter. Bleakley Financial Group LLC now owns 20,250 shares of the software maker’s stock worth $4,986,000 after buying an additional 1,154 shares during the period. Choreo LLC lifted its position in shares of SAP by 17.2% during the 4th quarter. Choreo LLC now owns 24,311 shares of the software maker’s stock valued at $6,046,000 after buying an additional 3,566 shares in the last quarter. Finally, WT Asset Management Ltd acquired a new stake in SAP in the 4th quarter valued at $17,259,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Barclays upped their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $248.83.

SAP Trading Up 0.0 %

Shares of SAP stock opened at $283.20 on Friday. SAP SE has a twelve month low of $173.09 and a twelve month high of $283.86. The stock has a market cap of $347.91 billion, a price-to-earnings ratio of 98.68, a PEG ratio of 4.53 and a beta of 1.23. The company’s 50-day moving average price is $256.46 and its 200-day moving average price is $234.72. 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 posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. As a group, equities analysts predict that SAP SE will post 6.53 earnings per share for the current year.

About SAP

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.