Nicholas Hoffman & Company LLC. Purchases 503 Shares of SAP SE (NYSE:SAP)

Nicholas Hoffman & Company LLC. increased its position in SAP SE (NYSE:SAP) by 39.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,773 shares of the software maker’s stock after acquiring an additional 503 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in SAP were worth $437,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Americana Partners LLC boosted its stake in shares of SAP by 205.0% during the 4th quarter. Americana Partners LLC now owns 15,177 shares of the software maker’s stock worth $3,737,000 after acquiring an additional 10,201 shares during the last quarter. Sierra Ocean LLC purchased a new position in SAP during the fourth quarter valued at $115,000. Allworth Financial LP grew its holdings in SAP by 33.4% during the fourth quarter. Allworth Financial LP now owns 2,713 shares of the software maker’s stock valued at $741,000 after purchasing an additional 680 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of SAP in the fourth quarter worth about $4,850,000. Finally, Principal Securities Inc. grew its stake in shares of SAP by 13.8% during the 4th quarter. Principal Securities Inc. now owns 8,783 shares of the software maker’s stock valued at $2,162,000 after acquiring an additional 1,062 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SAP shares. JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets lifted their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Price Performance

SAP stock opened at $290.49 on Tuesday. SAP SE has a 52 week low of $174.88 and a 52 week high of $293.70. The firm has a market capitalization of $356.86 billion, a P/E ratio of 101.21, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The company has a fifty day simple moving average of $262.25 and a two-hundred day simple moving average of $238.71. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last announced 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%. Analysts anticipate that SAP SE will post 6.55 earnings per share 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.