Pure Financial Advisors LLC Boosts Stake in SAP SE (NYSE:SAP)

Pure Financial Advisors LLC lifted its holdings in shares of SAP SE (NYSE:SAP) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,089 shares of the software maker’s stock after buying an additional 78 shares during the period. Pure Financial Advisors LLC’s holdings in SAP were worth $268,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wedmont Private Capital grew its stake in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after acquiring an additional 46 shares during the period. Confluence Investment Management LLC grew its position in SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares during the period. PDS Planning Inc raised its stake in SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after buying an additional 52 shares during the period. Finally, Drive Wealth Management LLC boosted its stake in shares of SAP by 2.9% in the 3rd quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker’s stock worth $498,000 after buying an additional 61 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JMP Securities increased their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $263.17.

SAP Price Performance

NYSE:SAP opened at $272.91 on Thursday. The business’s 50-day simple moving average is $246.91 and its two-hundred day simple moving average is $229.16. SAP SE has a 52 week low of $161.07 and a 52 week high of $275.10. The stock has a market cap of $335.27 billion, a PE ratio of 109.16, a P/E/G ratio of 3.72 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.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the business posted $1.20 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts forecast that SAP SE will post 4.66 EPS for the current fiscal year.

SAP Company 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.