Impact Capital Partners LLC purchased a new stake in SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,414 shares of the software maker's stock, valued at approximately $348,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC lifted its holdings in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares during the last quarter. Fisher Asset Management LLC lifted its holdings 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 valued at $1,260,137,000 after acquiring an additional 403,956 shares during the last quarter. WCM Investment Management LLC acquired a new stake in SAP in the 4th quarter valued at about $290,023,000. Raymond James Financial Inc. acquired a new stake in SAP in the 4th quarter valued at about $150,668,000. Finally, Principal Financial Group Inc. lifted its holdings in SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock valued at $140,111,000 after acquiring an additional 4,775 shares during the last quarter.
Analyst Ratings Changes
SAP has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. JMP Securities upped their price objective on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Barclays upped their price objective on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP has an average rating of "Buy" and an average target price of $248.83.
Read Our Latest Stock Analysis on SAP
SAP Stock Up 0.4 %
Shares of NYSE SAP traded up $1.20 during mid-day trading on Tuesday, reaching $270.75. The company had a trading volume of 2,154,768 shares, compared to its average volume of 1,197,869. The stock has a fifty day moving average of $274.09 and a two-hundred day moving average of $248.41. 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 company has a market capitalization of $332.62 billion, a price-to-earnings ratio of 94.34, a PEG ratio of 4.71 and a beta of 1.25. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70.
SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities research analysts expect 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.
Further Reading
Before you consider SAP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SAP wasn't on the list.
While SAP currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
