Angeles Wealth Management LLC Grows Stake in SAP SE (NYSE:SAP)

Angeles Wealth Management LLC lifted its stake in SAP SE (NYSE:SAP) by 18.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,665 shares of the software maker’s stock after buying an additional 254 shares during the quarter. Angeles Wealth Management LLC’s holdings in SAP were worth $410,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Godsey & Gibb Inc. purchased a new position in SAP in the third quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP in the 4th quarter worth approximately $27,000. Albion Financial Group UT lifted its position in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new stake in SAP during the 3rd quarter valued at $42,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of SAP in the 3rd quarter worth $47,000.

SAP Stock Performance

SAP opened at $280.76 on Tuesday. SAP SE has a 12-month low of $173.09 and a 12-month high of $283.90. The company has a market cap of $344.92 billion, a price-to-earnings ratio of 97.83, a PEG ratio of 4.63 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $258.32 and its 200 day moving average is $235.94.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. On average, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SAP shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays boosted their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, JMP Securities lifted their target price 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. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $248.83.

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.