Farther Finance Advisors LLC Has $681,000 Stock Position in SAP SE (NYSE:SAP)

Farther Finance Advisors LLC increased its stake in shares of SAP SE (NYSE:SAP) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,767 shares of the software maker’s stock after acquiring an additional 354 shares during the quarter. Farther Finance Advisors LLC’s holdings in SAP were worth $681,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Centricity Wealth Management LLC acquired a new position in shares of SAP during the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP during the fourth quarter worth about $27,000. Albion Financial Group UT increased its stake in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares during the period. Brooklyn Investment Group bought a new stake in shares of SAP in the 3rd quarter worth approximately $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of SAP in the 4th quarter worth approximately $42,000.

SAP Trading Up 3.5 %

SAP stock opened at $264.05 on Friday. The business has a fifty day moving average price of $273.62 and a 200 day moving average price of $247.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The stock has a market capitalization of $324.38 billion, a price-to-earnings ratio of 92.00, a P/E/G ratio of 4.71 and a beta of 1.25.

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 12.18%. Analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of recent research reports. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets upped their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Finally, JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus 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.