May Hill Capital LLC Invests $377,000 in SAP SE (NYSE:SAP)

May Hill Capital LLC acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,530 shares of the software maker's stock, valued at approximately $377,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAP. Holocene Advisors LP bought a new position in shares of SAP in the third quarter worth $10,869,000. Atomi Financial Group Inc. raised its holdings in shares of SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock valued at $3,074,000 after acquiring an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC raised its holdings in shares of SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock valued at $4,030,000 after acquiring an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock worth $125,654,000 after purchasing an additional 7,667 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SAP by 152.0% in 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 purchasing an additional 249,824 shares during the last quarter.

SAP Trading Down 5.7 %

SAP stock traded down $14.96 during trading hours on Friday, reaching $249.38. The stock had a trading volume of 1,875,362 shares, compared to its average volume of 1,207,167. The stock has a market cap of $306.37 billion, a PE ratio of 86.89, a PEG ratio of 4.71 and a beta of 1.28. The company has a fifty day simple moving average of $276.95 and a 200-day simple moving average of $252.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70.

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SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.