Lake Street Advisors Group LLC Has $2.03 Million Position in SAP SE (NYSE:SAP)

Lake Street Advisors Group LLC boosted its holdings in shares of SAP SE (NYSE:SAP) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,259 shares of the software maker’s stock after acquiring an additional 183 shares during the period. Lake Street Advisors Group LLC’s holdings in SAP were worth $2,033,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Centricity Wealth Management LLC bought a new position in shares of SAP in the 4th quarter worth $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the fourth quarter valued at about $27,000. Albion Financial Group UT boosted its holdings in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of SAP during the 3rd quarter worth about $42,000. Finally, Financial Management Professionals Inc. increased its stake in shares of SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets increased their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. 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 an average price target of $248.83.

SAP Price Performance

NYSE SAP opened at $286.94 on Wednesday. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The firm’s 50 day moving average is $267.23 and its 200-day moving average is $242.84. The company has a market capitalization of $352.51 billion, a PE ratio of 99.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last issued its quarterly 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 net margin of 9.17% and a return on equity of 12.18%. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal 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.