Simplicity Wealth LLC Has $690,000 Position in SAP SE (NYSE:SAP)

Simplicity Wealth LLC increased its position in SAP SE (NYSE:SAP) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,802 shares of the software maker’s stock after buying an additional 97 shares during the quarter. Simplicity Wealth LLC’s holdings in SAP were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SAP. FMR LLC increased its position in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. WCM Investment Management LLC acquired a new stake in SAP during the 4th quarter valued at approximately $290,023,000. Raymond James Financial Inc. acquired a new stake in SAP during the 4th quarter valued at approximately $150,668,000. Fisher Asset Management LLC increased its position in SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after purchasing an additional 403,956 shares during the period. Finally, Jennison Associates LLC acquired a new stake in SAP during the 4th quarter valued at approximately $47,195,000.

SAP Price Performance

Shares of SAP opened at $276.43 on Monday. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The business’s fifty day moving average is $272.04 and its 200 day moving average is $246.51. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market cap of $339.60 billion, a P/E ratio of 96.32, a P/E/G ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Barclays raised their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.