American Century Companies Inc. raised its holdings in SAP SE (NYSE:SAP - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 95,438 shares of the software maker's stock after buying an additional 16,546 shares during the quarter. American Century Companies Inc.'s holdings in SAP were worth $23,498,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its stake in SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after purchasing an additional 403,956 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of SAP during the fourth quarter worth $290,023,000. Raymond James Financial Inc. purchased a new stake in shares of SAP during the fourth quarter valued at $150,668,000. Principal Financial Group Inc. grew its holdings in shares of 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 buying an additional 4,775 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in SAP by 1.4% in 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 last quarter.
Analyst Upgrades and Downgrades
Several research firms have weighed in on SAP. BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. JMP Securities increased their price target 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. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $248.83.
Check Out Our Latest Analysis on SAP
SAP Stock Performance
Shares of SAP traded down $6.87 during trading hours on Thursday, hitting $264.55. The stock had a trading volume of 1,936,799 shares, compared to its average volume of 929,927. The firm has a market capitalization of $325.00 billion, a price-to-earnings ratio of 92.18, a PEG ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a 50-day moving average price of $276.95 and a 200 day moving average price of $252.86. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.
SAP (NYSE:SAP - Get Free Report) last posted 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 return on equity of 12.18% and a net margin of 9.17%. As a group, research analysts anticipate that SAP SE will post 6.55 EPS for the current year.
About SAP
(
Free Report)
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.
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