Northern Financial Advisors Inc Has $1.37 Million Holdings in SAP SE (NYSE:SAP)

Northern Financial Advisors Inc trimmed its stake in SAP SE (NYSE:SAP) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,544 shares of the software maker’s stock after selling 389 shares during the period. Northern Financial Advisors Inc’s holdings in SAP were worth $1,365,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SAP. FMR LLC boosted its stake in shares of SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC acquired a new position in SAP in the fourth quarter valued at $290,023,000. Principal Financial Group Inc. boosted its position in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after acquiring an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares during the period. Finally, Stifel Financial Corp raised its position in shares of SAP by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after acquiring an additional 23,352 shares in the last quarter.

SAP Stock Up 0.9 %

Shares of NYSE SAP opened at $293.64 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company has a 50-day moving average price of $260.76 and a 200-day moving average price of $237.35. The stock has a market capitalization of $360.73 billion, a P/E ratio of 102.31, a P/E/G ratio of 4.63 and a beta of 1.23. SAP SE has a 1 year low of $174.88 and a 1 year high of $293.70.

SAP (NYSE:SAP) last issued its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. On average, equities research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on SAP shares. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets raised 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. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, JMP Securities lifted their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has an average rating of “Buy” and a consensus price target of $248.83.

SAP Company 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.