Granite Group Advisors LLC Purchases New Stake in SAP SE (NYSE:SAP)

Granite Group Advisors LLC bought a new stake in SAP SE (NYSE:SAP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,433 shares of the software maker’s stock, valued at approximately $353,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAP. Godsey & Gibb Inc. bought a new stake in shares of SAP during the 3rd quarter valued at approximately $25,000. Albion Financial Group UT grew its stake in shares of 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 third quarter worth $42,000. Financial Management Professionals Inc. lifted 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. Finally, Prospera Private Wealth LLC acquired a new stake in shares of SAP during the 3rd quarter valued at $47,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays increased their target price on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets boosted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, JMP Securities upped their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $276.00.

SAP Stock Up 0.4 %

SAP stock opened at $276.41 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average price is $249.60 and its two-hundred day moving average price is $230.50. The firm has a market capitalization of $339.56 billion, a price-to-earnings ratio of 110.56, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. SAP SE has a 1-year low of $172.32 and a 1-year high of $277.36.

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.