Atria Investments Inc Has $8.44 Million Stock Holdings in SAP SE (NYSE:SAP)

Atria Investments Inc increased its position in shares of SAP SE (NYSE:SAP) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,271 shares of the software maker’s stock after purchasing an additional 2,864 shares during the quarter. Atria Investments Inc’s holdings in SAP were worth $8,438,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in shares of SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after purchasing an additional 38 shares in the last quarter. Foster Group Inc. increased its position 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 in the last quarter. Wedmont Private Capital increased its position in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares in the last quarter. Addison Advisors LLC increased its position in shares of SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after purchasing an additional 46 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares in the last quarter.

Analyst Ratings Changes

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

SAP Stock Up 2.9 %

Shares of NYSE SAP opened at $287.09 on Thursday. The firm has a market capitalization of $352.69 billion, a PE ratio of 100.03, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The firm’s 50-day moving average is $271.00 and its 200-day moving average is $245.49.

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

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.