SAP SE (SAP) Shares Bought by Dixon Hubard Feinour & Brown Inc. VA
Dixon Hubard Feinour & Brown Inc. VA grew its stake in SAP SE (NYSE:SAP) by 52.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,825 shares of the software maker’s stock after acquiring an additional 975 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in SAP were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of SAP. We Are One Seven LLC bought a new position in shares of SAP in the fourth quarter valued at about $114,000. Bank of Nova Scotia Trust Co. acquired a new stake in SAP during the third quarter worth about $123,000. Icon Wealth Partners LLC acquired a new stake in SAP during the fourth quarter worth about $149,000. Credit Agricole S A acquired a new stake in SAP during the fourth quarter worth about $177,000. Finally, Avestar Capital LLC acquired a new stake in SAP during the fourth quarter worth about $196,000. 10.29% of the stock is currently owned by institutional investors.
Shares of SAP stock opened at $105.10 on Thursday. SAP SE has a one year low of $96.04 and a one year high of $116.90. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm has a market cap of $130,516.27, a P/E ratio of 27.23, a PEG ratio of 2.91 and a beta of 1.15.
SAP has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Morgan Stanley downgraded shares of SAP from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 11th. Citigroup reiterated a “buy” rating on shares of SAP in a research note on Friday, March 2nd. Desjardins upgraded shares of SAP to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, December 28th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $116.00 price objective on shares of SAP in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. SAP currently has an average rating of “Buy” and a consensus price target of $104.00.
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SAP Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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