SAP SE (NYSE:SAP) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC grew its stake in SAP SE (NYSE:SAP) by 41.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 971 shares of the software maker’s stock after purchasing an additional 284 shares during the period. Global Retirement Partners LLC’s holdings in SAP were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of SAP in the fourth quarter valued at about $62,000. Atria Wealth Solutions Inc. grew its stake in shares of SAP by 89.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker’s stock valued at $1,357,000 after buying an additional 2,601 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of SAP by 24.8% during the 4th quarter. Venturi Wealth Management LLC now owns 12,458 shares of the software maker’s stock worth $3,067,000 after buying an additional 2,474 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of SAP by 98.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock valued at $633,000 after buying an additional 1,279 shares during the period. Finally, Truist Financial Corp grew its position in SAP by 8.6% in the fourth quarter. Truist Financial Corp now owns 58,814 shares of the software maker’s stock worth $14,481,000 after acquiring an additional 4,680 shares during the period.

SAP Price Performance

Shares of SAP opened at $286.94 on Wednesday. The company has a market cap of $352.51 billion, a P/E ratio of 99.98, a PEG ratio of 4.71 and a beta of 1.23. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average price is $267.23 and its 200 day moving average price is $242.84.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAP has been the topic of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. JMP Securities upped their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. TD Cowen upgraded shares of 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 report on Friday, January 17th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $248.83.

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.