WCM Investment Management LLC Takes Position in SAP SE (NYSE:SAP)

WCM Investment Management LLC bought a new stake in SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,165,548 shares of the software maker’s stock, valued at approximately $290,023,000. WCM Investment Management LLC owned approximately 0.09% of SAP as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Godsey & Gibb Inc. purchased a new stake in shares of SAP during the third quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the fourth quarter worth $27,000. Albion Financial Group UT raised its holdings 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 worth $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of SAP during the third quarter worth $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of SAP during the third quarter worth $47,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets raised their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Trading Down 1.2 %

Shares of NYSE:SAP opened at $279.76 on Friday. The company has a market cap of $343.68 billion, a P/E ratio of 97.48, a P/E/G ratio of 4.63 and a beta of 1.23. The stock’s 50-day moving average is $258.32 and its 200-day moving average is $235.61. SAP SE has a 52-week low of $173.09 and a 52-week high of $283.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Company 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.