SAP SE (NYSE:SAP) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of SAP SE (NYSE:SAP) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,107 shares of the software maker’s stock after acquiring an additional 7,380 shares during the period. Sei Investments Co.’s holdings in SAP were worth $43,359,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Oppenheimer & Co. Inc. raised its holdings in SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after buying an additional 38 shares during the period. Lindbrook Capital LLC raised its position in SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock valued at $538,000 after purchasing an additional 43 shares during the period. Foster Group Inc. lifted its stake 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 in the last quarter. Wedmont Private Capital boosted its position in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after buying an additional 46 shares during the period. Finally, Addison Advisors LLC raised its holdings in shares of SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after buying an additional 46 shares during the period.

SAP Trading Up 1.1 %

NYSE:SAP opened at $275.61 on Tuesday. The company has a market cap of $338.59 billion, a PE ratio of 96.03, a P/E/G ratio of 4.71 and a beta of 1.25. The business’s 50 day moving average is $276.16 and its two-hundred day moving average is $250.37. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, analysts predict that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

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