Moors & Cabot Inc. Acquires 48 Shares of SAP SE (NYSE:SAP)

Moors & Cabot Inc. boosted its holdings in shares of SAP SE (NYSE:SAP) by 4.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,022 shares of the software maker’s stock after buying an additional 48 shares during the period. Moors & Cabot Inc.’s holdings in SAP were worth $252,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SAP. FMR LLC boosted its stake in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares during the period. WCM Investment Management LLC bought a new stake in SAP during the fourth quarter worth about $290,023,000. Raymond James Financial Inc. bought a new stake in SAP during the fourth quarter worth about $150,668,000. Fisher Asset Management LLC lifted its stake in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in SAP during the fourth quarter worth about $47,195,000.

Analyst Upgrades and Downgrades

SAP has been the subject of several research analyst reports. BMO Capital Markets lifted their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Barclays lifted their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $248.83.

SAP Stock Up 3.5 %

SAP opened at $264.05 on Monday. The company has a market cap of $324.38 billion, a P/E ratio of 92.00, a P/E/G ratio of 4.71 and a beta of 1.25. The business’s 50-day moving average price is $273.62 and its 200-day moving average price is $248.05. The company has a current ratio of 1.12, a quick ratio of 1.10 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.

SAP (NYSE:SAP) last announced its quarterly 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%. On average, equities analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Company 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.