Abel Hall LLC Raises Holdings in SAP SE (NYSE:SAP)

Abel Hall LLC increased its position in shares of SAP SE (NYSE:SAP) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,892 shares of the software maker’s stock after buying an additional 60 shares during the period. Abel Hall LLC’s holdings in SAP were worth $466,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in SAP during the 3rd quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP in the 4th quarter worth approximately $27,000. Albion Financial Group UT boosted its stake in shares of 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 purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new position in SAP during the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC bought a new position in SAP in the third quarter worth approximately $47,000.

SAP Stock Performance

SAP opened at $276.87 on Thursday. The company has a market cap of $340.13 billion, a P/E ratio of 110.75, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average price is $251.29 and its 200-day moving average price is $231.70. SAP SE has a 52-week low of $173.05 and a 52-week high of $279.14.

SAP (NYSE:SAP) last issued 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 8.15% and a return on equity of 11.44%. As a group, equities analysts anticipate that SAP SE will post 4.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SAP shares. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays raised their price objective on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and a consensus target price of $290.40.

About SAP

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.