Mesirow Financial Investment Management Inc. Raises Stock Holdings in SAP SE (NYSE:SAP)

Mesirow Financial Investment Management Inc. raised its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 128.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,026 shares of the software maker's stock after purchasing an additional 1,700 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in SAP were worth $745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Centricity Wealth Management LLC bought a new stake in shares of SAP during the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP during the fourth quarter valued at about $27,000. Albion Financial Group UT increased its position in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after buying an additional 71 shares during the period. Brooklyn Investment Group bought a new stake in shares of SAP during the third quarter valued at about $42,000. Finally, Prospera Private Wealth LLC bought a new position in shares of SAP in the third quarter worth approximately $47,000.

SAP Stock Down 1.0 %

SAP stock traded down $2.91 on Friday, hitting $276.43. 2,688,091 shares of the stock traded hands, compared to its average volume of 870,294. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a market cap of $339.60 billion, a P/E ratio of 96.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The business's fifty day simple moving average is $272.04 and its 200 day simple moving average is $246.32. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70.

Remove Ads

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS 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%. As a group, sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on SAP shares. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. JMP Securities increased their price objective 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 increased their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, Barclays increased their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus 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.