Concurrent Investment Advisors LLC Purchases 302 Shares of SAP SE (NYSE:SAP)

Concurrent Investment Advisors LLC lifted its position in shares of SAP SE (NYSE:SAP) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,442 shares of the software maker’s stock after acquiring an additional 302 shares during the period. Concurrent Investment Advisors LLC’s holdings in SAP were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Foster Group Inc. raised its stake in SAP by 4.3% during 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 grew its holdings in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares during the last quarter. Confluence Investment Management LLC increased its position 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 purchasing an additional 49 shares in the last quarter. PDS Planning Inc lifted its stake in 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 purchasing an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after purchasing an additional 52 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Finally, JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Price Performance

Shares of NYSE:SAP opened at $286.94 on Wednesday. The stock’s 50 day moving average is $267.23 and its 200-day moving average is $242.84. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $352.51 billion, a price-to-earnings ratio of 99.98, a PEG ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last issued its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. Sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal 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.