Farther Finance Advisors LLC increased its stake in shares of SAP SE (NYSE:SAP – Free Report) 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.
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.
View Our Latest Research Report on SAP
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.
Featured Stories
- Five stocks we like better than SAP
- How to Read Stock Charts for Beginners
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Transportation Stocks Investing
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Upcoming IPO Stock Lockup Period, Explained
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP – Free Report).
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.