First Affirmative Financial Network Grows Stock Holdings in SAP SE (NYSE:SAP)

First Affirmative Financial Network increased its stake in SAP SE (NYSE:SAP) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,876 shares of the software maker’s stock after purchasing an additional 388 shares during the quarter. SAP accounts for 1.0% of First Affirmative Financial Network’s portfolio, making the stock its 15th largest position. First Affirmative Financial Network’s holdings in SAP were worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Abel Hall LLC boosted its position in shares of SAP by 3.3% in the fourth quarter. Abel Hall LLC now owns 1,892 shares of the software maker’s stock worth $466,000 after purchasing an additional 60 shares during the period. Gries Financial LLC bought a new position in SAP in the 4th quarter worth $237,000. BOCHK Asset Management Ltd purchased a new stake in SAP in the 4th quarter worth $74,000. R Squared Ltd bought a new stake in SAP during the fourth quarter valued at about $113,000. Finally, Foster Group Inc. lifted its position in shares of SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after acquiring an additional 45 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets boosted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays lifted their price objective on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $290.40.

SAP Trading Up 1.1 %

Shares of SAP opened at $276.87 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $340.13 billion, a price-to-earnings ratio of 110.75, a PEG ratio of 3.89 and a beta of 1.22. The company has a 50-day moving average of $251.29 and a 200 day moving average of $231.70. SAP SE has a 1-year low of $173.05 and a 1-year high of $279.14.

SAP (NYSE:SAP) last issued 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 11.44% and a net margin of 8.15%. On average, research analysts expect that SAP SE will post 4.64 EPS 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.