HBK Sorce Advisory LLC Acquires 91 Shares of SAP SE (NYSE:SAP)

HBK Sorce Advisory LLC boosted its position in SAP SE (NYSE:SAP) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,280 shares of the software maker’s stock after buying an additional 91 shares during the period. HBK Sorce Advisory LLC’s holdings in SAP were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAP. FMR LLC increased its position in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC bought a new stake in SAP in the 4th quarter valued at about $290,023,000. Raymond James Financial Inc. bought a new stake in SAP in the 4th quarter valued at about $150,668,000. Fisher Asset Management LLC increased its position in SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after buying an additional 403,956 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after buying an additional 249,824 shares in the last quarter.

SAP Price Performance

Shares of NYSE SAP opened at $264.05 on Friday. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The stock’s 50 day moving average price is $273.62 and its 200-day moving average price is $247.62. The company has a market capitalization of $324.38 billion, a PE ratio of 92.00, a PEG ratio of 4.71 and a beta of 1.25. 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 (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. On average, equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SAP shares. JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Barclays lifted their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets lifted their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average 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.