Atria Investments Inc Purchases 2,864 Shares of SAP SE (NYSE:SAP)

Atria Investments Inc increased its position in shares of SAP SE (NYSE:SAP) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,271 shares of the software maker’s stock after acquiring an additional 2,864 shares during the quarter. Atria Investments Inc’s holdings in SAP were worth $8,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its stake in SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after acquiring an additional 38 shares during the last quarter. Foster Group Inc. boosted its stake in SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after acquiring an additional 45 shares during the last quarter. Wedmont Private Capital boosted its stake in SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after acquiring an additional 46 shares during the last quarter. Addison Advisors LLC boosted its stake in SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after acquiring an additional 46 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after buying an additional 49 shares during the period.

SAP Price Performance

NYSE SAP opened at $287.09 on Thursday. 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 12-month low of $175.08 and a 12-month high of $293.70. The company has a market capitalization of $352.69 billion, a PE ratio of 100.03, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The firm’s 50 day moving average is $271.00 and its 200-day moving average is $245.49.

SAP (NYSE:SAP) last posted its quarterly earnings data 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 research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on SAP. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets raised 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. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus 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.