Arete Wealth Advisors LLC Acquires 137 Shares of SAP SE (NYSE:SAP)

Arete Wealth Advisors LLC grew its holdings in shares of SAP SE (NYSE:SAP) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,193 shares of the software maker’s stock after acquiring an additional 137 shares during the quarter. Arete Wealth Advisors LLC’s holdings in SAP were worth $541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SAP. Oppenheimer & Co. Inc. grew its stake in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after buying an additional 38 shares in the last quarter. Lindbrook Capital LLC grew its position in SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after acquiring an additional 43 shares in the last quarter. Foster Group Inc. grew its position in 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 acquiring an additional 45 shares in the last quarter. Wedmont Private Capital increased its stake in SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after acquiring an additional 46 shares during the last quarter. Finally, Addison Advisors LLC lifted its stake in SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after purchasing an additional 46 shares during the last quarter.

Analysts Set New Price Targets

SAP has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays upped their price target 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. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, BMO Capital Markets increased their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Price Performance

Shares of SAP stock opened at $249.38 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $306.37 billion, a P/E ratio of 86.89, a P/E/G ratio of 4.71 and a beta of 1.28. The business’s 50 day moving average price is $276.41 and its 200-day moving average price is $253.26. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate 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 research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

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.