JPMorgan Chase & Co. increased its position in shares of SAP SE (NYSE:SAP - Free Report) by 145.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,346,506 shares of the software maker's stock after buying an additional 798,037 shares during the period. JPMorgan Chase & Co. owned 0.11% of SAP worth $331,523,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WCM Investment Management LLC acquired a new position in shares of SAP during the 4th quarter worth approximately $290,023,000. TD Asset Management Inc. boosted its holdings in shares of SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after buying an additional 890,157 shares during the period. Raymond James Financial Inc. acquired a new position in SAP in the 4th quarter valued at about $150,668,000. Fisher Asset Management LLC raised 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in SAP by 152.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock worth $101,969,000 after acquiring an additional 249,824 shares during the last quarter.
SAP Trading Down 2.2 %
SAP stock traded down $6.08 during trading on Thursday, hitting $265.34. The company had a trading volume of 1,467,297 shares, compared to its average volume of 1,192,776. The business has a 50-day moving average of $277.17 and a 200-day moving average of $252.78. The stock has a market cap of $325.97 billion, a PE ratio of 92.45, a PEG ratio of 4.71 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a one year low of $175.08 and a one year high of $293.70.
SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data 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%. Research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.
Analyst Ratings Changes
SAP has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $248.83.
Read Our Latest Stock Report on SAP
SAP Profile
(
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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