Raymond James Financial Services Advisors Inc. boosted its holdings in SAP SE (NYSE:SAP) by 107.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,943 shares of the software maker’s stock after purchasing an additional 3,590 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in SAP were worth $780,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Signature Estate & Investment Advisors LLC bought a new position in shares of SAP in the 3rd quarter valued at about $100,000. Bank of Nova Scotia Trust Co. bought a new position in shares of SAP in the 3rd quarter valued at about $123,000. South Texas Money Management Ltd. bought a new position in shares of SAP in the 4th quarter valued at about $200,000. Dixon Hubard Feinour & Brown Inc. VA bought a new position in shares of SAP in the 3rd quarter valued at about $203,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of SAP in the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 10.28% of the company’s stock.
SAP has been the subject of a number of analyst reports. Zacks Investment Research raised shares of SAP from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, December 13th. Citigroup reaffirmed a “buy” rating on shares of SAP in a report on Wednesday, January 10th. Desjardins raised shares of SAP to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, December 28th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a report on Friday, January 19th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $120.00 price target on shares of SAP in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. SAP has a consensus rating of “Buy” and an average price target of $104.00.
SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 30th. The software maker reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.33. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.99 billion. SAP had a net margin of 17.38% and a return on equity of 17.33%. research analysts anticipate that SAP SE will post 4.33 EPS for the current year.
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SAP Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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