HBK Sorce Advisory LLC Has $561,000 Stock Holdings in SAP SE (NYSE:SAP)

HBK Sorce Advisory LLC raised its holdings in SAP SE (NYSE:SAP) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,280 shares of the software maker’s stock after purchasing an additional 91 shares during the quarter. HBK Sorce Advisory LLC’s holdings in SAP were worth $561,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SAP. FMR LLC boosted its holdings in shares of SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of SAP during the 4th quarter valued at $290,023,000. Raymond James Financial Inc. acquired a new stake in shares of SAP during the 4th quarter valued at $150,668,000. Fisher Asset Management LLC boosted its holdings in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after acquiring an additional 403,956 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of SAP by 152.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after acquiring an additional 249,824 shares in the last quarter.

SAP Stock Up 3.5 %

Shares of SAP opened at $264.05 on Friday. The stock’s 50-day moving average price is $273.62 and its two-hundred day moving average price is $247.62. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $324.38 billion, a PE ratio of 92.00, a PEG ratio of 4.71 and a beta of 1.25.

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 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%. On average, analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SAP. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average 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.