SRS Capital Advisors Inc. Has $448,000 Stake in SAP SE (NYSE:SAP)

SRS Capital Advisors Inc. boosted its position in shares of SAP SE (NYSE:SAP) by 258.3% in the fourth quarter, Holdings Channel reports. The fund owned 1,820 shares of the software maker’s stock after acquiring an additional 1,312 shares during the period. SRS Capital Advisors Inc.’s holdings in SAP were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bailard Inc. lifted its position in SAP by 0.6% during the 4th quarter. Bailard Inc. now owns 18,354 shares of the software maker’s stock worth $4,519,000 after acquiring an additional 117 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of SAP by 54.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 6,374 shares of the software maker’s stock valued at $1,586,000 after buying an additional 2,244 shares during the last quarter. Connable Office Inc. acquired a new position in shares of SAP during the fourth quarter valued at about $1,691,000. US Bancorp DE raised its position in shares of SAP by 7.8% during the fourth quarter. US Bancorp DE now owns 138,200 shares of the software maker’s stock valued at $34,026,000 after buying an additional 9,973 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after buying an additional 403,956 shares during the last quarter.

SAP Price Performance

Shares of SAP stock opened at $280.81 on Tuesday. 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 stock has a market capitalization of $344.98 billion, a price-to-earnings ratio of 97.84, a P/E/G ratio of 4.71 and a beta of 1.23. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The firm’s 50-day moving average price is $269.83 and its two-hundred day moving average price is $244.75.

SAP (NYSE:SAP) last issued 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, equities analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAP has been the subject of a number of research analyst reports. Barclays upped their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. 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 research report on Wednesday, January 29th. JMP Securities increased 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. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $248.83.

About SAP

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.