Simon Quick Advisors LLC Acquires 244 Shares of SAP SE (NYSE:SAP)

Simon Quick Advisors LLC increased its holdings in SAP SE (NYSE:SAP) by 16.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,697 shares of the software maker’s stock after acquiring an additional 244 shares during the period. Simon Quick Advisors LLC’s holdings in SAP were worth $418,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in shares of SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. Principal Financial Group Inc. grew its holdings in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after buying an additional 4,775 shares in the last quarter. JPMorgan Chase & Co. raised its position in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after buying an additional 7,667 shares during the last quarter. Stifel Financial Corp lifted its stake in SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after acquiring an additional 23,352 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after acquiring an additional 15,604 shares during the last quarter.

Analysts Set New Price Targets

SAP has been the topic of a number of recent analyst reports. JMP Securities raised their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays lifted their target price on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets upped their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $264.50.

SAP Trading Up 0.8 %

Shares of SAP stock opened at $275.30 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $338.20 billion, a P/E ratio of 110.12, a P/E/G ratio of 3.82 and a beta of 1.22. SAP SE has a 52-week low of $172.32 and a 52-week high of $275.38. The stock’s 50-day simple moving average is $247.76 and its 200 day simple moving average is $229.46.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that SAP SE will post 4.66 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.