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

Moors & Cabot Inc. grew its stake in shares of SAP SE (NYSE:SAP) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,022 shares of the software maker’s stock after purchasing an additional 48 shares during the period. Moors & Cabot Inc.’s holdings in SAP were worth $252,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAP. Aptus Capital Advisors LLC bought a new position in shares of SAP in the third quarter valued at approximately $206,000. Oppenheimer & Co. Inc. bought a new position in shares of SAP in the third quarter valued at approximately $210,000. Huntington National Bank grew its holdings in shares of SAP by 12.4% in the third quarter. Huntington National Bank now owns 1,937 shares of the software maker’s stock valued at $444,000 after acquiring an additional 214 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of SAP by 9.8% in the third quarter. CIBC Asset Management Inc now owns 50,247 shares of the software maker’s stock valued at $11,425,000 after acquiring an additional 4,484 shares in the last quarter. Finally, Veery Capital LLC bought a new position in shares of SAP in the third quarter valued at approximately $202,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Barclays increased their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Trading Up 3.5 %

NYSE: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 stock’s fifty day moving average price is $273.62 and its two-hundred day moving average price is $248.05. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, analysts expect that SAP SE will post 6.55 EPS for the current year.

About SAP

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.