Pitcairn Co. Has $3.10 Million Position in SAP SE (NYSE:SAP)

Pitcairn Co. increased its stake in shares of SAP SE (NYSE:SAP) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,588 shares of the software maker’s stock after acquiring an additional 252 shares during the quarter. Pitcairn Co.’s holdings in SAP were worth $3,099,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in shares of SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after buying an additional 38 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after purchasing an additional 43 shares during the last quarter. Foster Group Inc. increased its position in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after acquiring an additional 45 shares during the period. Wedmont Private Capital lifted its holdings in SAP by 2.4% during the 4th 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 boosted its holdings in SAP by 3.0% in the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after acquiring an additional 46 shares during the last quarter.

Analysts Set New Price Targets

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

SAP Trading Up 0.4 %

NYSE:SAP opened at $271.36 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company’s 50-day simple moving average is $277.17 and its 200 day simple moving average is $252.78. SAP SE has a one year low of $175.08 and a one year high of $293.70. The firm has a market capitalization of $333.37 billion, a P/E ratio of 94.55, a PEG ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last posted its earnings results 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 net margin of 9.17% and a return on equity of 12.18%. As a group, analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

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.