GFS Advisors LLC Makes New Investment in SAP SE (NYSE:SAP)

GFS Advisors LLC purchased a new stake in SAP SE (NYSE:SAP) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 979 shares of the software maker’s stock, valued at approximately $224,000.

Several other large investors also recently made changes to their positions in SAP. Westfield Capital Management Co. LP bought a new stake in shares of SAP in the first quarter valued at about $58,936,000. International Assets Investment Management LLC bought a new stake in SAP in the 3rd quarter valued at approximately $40,573,000. Marshall Wace LLP bought a new stake in SAP in the 2nd quarter valued at approximately $21,479,000. Hantz Financial Services Inc. bought a new position in shares of SAP during the 2nd quarter worth approximately $20,532,000. Finally, GQG Partners LLC acquired a new stake in shares of SAP in the first quarter valued at approximately $14,940,000.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities upped their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Barclays raised their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen upped their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Performance

Shares of NYSE SAP opened at $233.11 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $286.38 billion, a P/E ratio of 93.24, a P/E/G ratio of 4.47 and a beta of 1.25. SAP SE has a 12 month low of $137.77 and a 12 month high of $243.01. The stock has a 50 day moving average of $225.51 and a 200-day moving average of $206.87.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. As a group, equities research analysts predict that SAP SE will post 4.9 EPS for the current year.

About SAP

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.