Bruce G. Allen Investments LLC Has $108,000 Stock Position in SAP SE (NYSE:SAP)

Bruce G. Allen Investments LLC increased its stake in shares of SAP SE (NYSE:SAP) by 50.2% in the fourth quarter, Holdings Channel reports. The firm owned 437 shares of the software maker’s stock after buying an additional 146 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in SAP were worth $108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SAP. Commonwealth Equity Services LLC grew its position in shares of SAP by 2.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 14,622 shares of the software maker’s stock worth $2,950,000 after buying an additional 415 shares during the period. Rhumbline Advisers increased its stake in SAP by 1.5% in the second quarter. Rhumbline Advisers now owns 22,279 shares of the software maker’s stock valued at $4,494,000 after purchasing an additional 324 shares in the last quarter. Private Advisor Group LLC increased its stake in SAP by 3.3% in the second quarter. Private Advisor Group LLC now owns 4,050 shares of the software maker’s stock valued at $817,000 after purchasing an additional 128 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in SAP in the second quarter worth $161,000. Finally, PFG Investments LLC boosted its position in shares of SAP by 2.6% during the second quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after purchasing an additional 61 shares in the last quarter.

SAP Stock Down 0.7 %

Shares of SAP stock traded down $1.72 during trading on Friday, reaching $251.77. The company’s stock had a trading volume of 863,825 shares, compared to its average volume of 975,328. SAP SE has a one year low of $154.96 and a one year high of $256.13. The business has a fifty day moving average price of $243.09 and a 200-day moving average price of $225.46. The company has a market cap of $309.30 billion, a price-to-earnings ratio of 100.71, a price-to-earnings-growth ratio of 4.94 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the business posted $1.20 earnings per share. SAP’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that SAP SE will post 4.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAP has been the topic of several research analyst reports. Barclays raised their price objective on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen increased their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

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.