Horizon Investments LLC Acquires 948 Shares of SAP SE (NYSE:SAP)

Horizon Investments LLC lifted its stake in SAP SE (NYSE:SAP) by 8.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,653 shares of the software maker’s stock after buying an additional 948 shares during the quarter. Horizon Investments LLC’s holdings in SAP were worth $3,115,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SAP. Oppenheimer & Co. Inc. grew its position in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after acquiring an additional 38 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of SAP by 2.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after purchasing an additional 43 shares during the last quarter. Foster Group Inc. increased its stake in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares during the last quarter. Wedmont Private Capital grew its stake in SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after buying an additional 46 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after buying an additional 46 shares during the last quarter.

SAP Stock Performance

SAP opened at $270.75 on Wednesday. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The company has a market cap of $332.62 billion, a P/E ratio of 94.34, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The firm’s 50-day moving average price is $274.50 and its 200-day moving average price is $248.77.

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

Wall Street Analyst Weigh In

SAP has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Barclays upped their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JMP Securities upped their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, SAP has a consensus rating of “Buy” and an average target price of $248.83.

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.