Empirical Asset Management LLC Makes New Investment in SAP SE (NYSE:SAP)

Empirical Asset Management LLC acquired a new stake in SAP SE (NYSE:SAP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,616 shares of the software maker's stock, valued at approximately $3,352,000.

Several other institutional investors have also added to or reduced their stakes in the company. Holocene Advisors LP bought a new position in shares of SAP in the 3rd quarter valued at $10,869,000. JPMorgan Chase & Co. grew its position in SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock valued at $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Benjamin Edwards Inc. raised its stake in SAP by 1,496.4% during 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 in the last quarter. Creative Planning lifted its holdings in shares of SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker's stock worth $21,864,000 after acquiring an additional 14,546 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker's stock valued at $37,648,000 after purchasing an additional 142,270 shares in the last quarter.

SAP Trading Up 0.4 %

Shares of SAP stock traded up $1.16 during midday trading on Friday, reaching $262.74. The company had a trading volume of 799,030 shares, compared to its average volume of 961,475. The stock has a fifty day moving average price of $245.17 and a 200 day moving average price of $227.47. SAP SE has a fifty-two week low of $158.94 and a fifty-two week high of $264.71. The firm has a market cap of $322.77 billion, a PE ratio of 105.09, a P/E/G ratio of 3.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter last year, the firm posted $1.20 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that SAP SE will post 4.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SAP. Barclays upped their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. TD Cowen raised SAP from a "hold" rating to a "buy" rating and raised their price objective for the company from $240.00 to $305.00 in a report on Friday. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 22nd. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $263.17.

SAP 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.