Mount Yale Investment Advisors LLC Increases Position in SAP SE (NYSE:SAP)

Mount Yale Investment Advisors LLC grew its stake in shares of SAP SE (NYSE:SAP) by 208.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 16,367 shares of the software maker’s stock after purchasing an additional 11,057 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in SAP were worth $4,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Holocene Advisors LP acquired a new stake in shares of SAP during the third quarter worth $10,869,000. Atomi Financial Group Inc. grew its position in shares of SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after buying an additional 3,495 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after buying an additional 7,667 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after acquiring an additional 8,380 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in SAP in the fourth quarter valued at approximately $654,000.

Wall Street Analysts Forecast Growth

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

SAP Stock Performance

SAP opened at $276.41 on Monday. The business has a 50 day moving average price of $249.60 and a two-hundred day moving average price of $230.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The company 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.

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.