Certuity LLC Has $448,000 Position in SAP SE (NYSE:SAP)

Certuity LLC raised its stake in SAP SE (NYSE:SAP) by 13.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,820 shares of the software maker’s stock after buying an additional 218 shares during the quarter. Certuity LLC’s holdings in SAP were worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SAP. Foster Group Inc. increased its position in shares of SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares during the period. Wedmont Private Capital grew its stake in SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after buying an additional 46 shares in the last quarter. Confluence Investment Management LLC increased its holdings in SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after buying an additional 49 shares during the period. PDS Planning Inc raised its position in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after acquiring an additional 52 shares during the period.

SAP Stock Performance

NYSE SAP opened at $291.06 on Thursday. The company has a market capitalization of $357.57 billion, a price-to-earnings ratio of 101.41, a PEG ratio of 4.63 and a beta of 1.23. 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 SE has a twelve month low of $173.09 and a twelve month high of $292.30. The stock has a fifty day simple moving average of $260.01 and a 200 day simple moving average of $236.97.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 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%. Sell-side analysts expect that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

SAP has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. TD Cowen upgraded 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 research report on Friday, January 17th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets increased their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price 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.