Segall Bryant & Hamill LLC Buys New Shares in SAP SE (NYSE:SAP)

Segall Bryant & Hamill LLC purchased a new stake in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,972 shares of the software maker’s stock, valued at approximately $10,334,000.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its holdings 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 during the last quarter. Lindbrook Capital LLC grew its position in shares of SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock valued at $538,000 after acquiring an additional 43 shares during the period. Foster Group Inc. increased its stake in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares during the period. Finally, Addison Advisors LLC lifted its stake in SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after purchasing an additional 46 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Price Performance

NYSE:SAP opened at $267.82 on Thursday. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm’s 50-day simple moving average is $276.82 and its 200 day simple moving average is $250.97. The firm has a market cap of $329.01 billion, a price-to-earnings ratio of 93.32, a P/E/G ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current 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.