Farther Finance Advisors LLC Has $681,000 Stake in SAP SE (NYSE:SAP)

Farther Finance Advisors LLC increased its holdings in shares of SAP SE (NYSE:SAP) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,767 shares of the software maker’s stock after buying an additional 354 shares during the quarter. Farther Finance Advisors LLC’s holdings in SAP were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its stake in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. Fisher Asset Management LLC increased its stake in SAP by 8.6% in 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 buying an additional 403,956 shares during the period. WCM Investment Management LLC purchased a new stake in SAP in the 4th quarter worth approximately $290,023,000. Raymond James Financial Inc. acquired a new stake in shares of SAP during the 4th quarter valued at $150,668,000. Finally, Principal Financial Group Inc. grew its holdings in shares of SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after acquiring an additional 4,775 shares in the last quarter.

SAP Stock Up 3.5 %

Shares of SAP stock opened at $264.05 on Friday. SAP SE has a 12-month low of $175.08 and a 12-month 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 stock has a 50 day moving average price of $273.62 and a two-hundred day moving average price of $247.83. The stock has a market capitalization of $324.38 billion, a P/E ratio of 92.00, a PEG ratio of 4.71 and a beta of 1.25.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SAP. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Barclays raised 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. Finally, JMP Securities boosted their target price 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. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.