31,840 Shares in SAP SE (NYSE:SAP) Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. bought a new position in shares of SAP SE (NYSE:SAP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,840 shares of the software maker's stock, valued at approximately $7,839,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new stake in shares of SAP in the 3rd quarter worth approximately $210,000. Thrivent Financial for Lutherans boosted its holdings in SAP by 79.1% during the third quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker's stock worth $852,000 after buying an additional 1,642 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in SAP in the third quarter worth approximately $47,000. Advisors Asset Management Inc. increased its holdings in shares of SAP by 15.0% in the third quarter. Advisors Asset Management Inc. now owns 13,595 shares of the software maker's stock valued at $3,115,000 after buying an additional 1,770 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of SAP by 11.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,824 shares of the software maker's stock valued at $647,000 after acquiring an additional 280 shares during the last quarter.

SAP Stock Up 1.7 %

Shares of SAP stock traded up $4.65 during trading on Tuesday, hitting $280.39. 706,656 shares of the stock traded hands, compared to its average volume of 904,661. The stock has a market cap of $344.46 billion, a P/E ratio of 97.70, a PEG ratio of 4.71 and a beta of 1.25. The company has a fifty day moving average price of $276.16 and a two-hundred day moving average price of $250.37. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

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SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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 research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAP. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Barclays lifted their target price on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Finally, TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP currently has a consensus rating of "Buy" and an average target price of $248.83.

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.