Fmr LLC Raises Stock Position in SAP SE (NYSE:SAP)

Fmr LLC increased its stake in SAP SE (NYSE:SAP) by 22.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,246,279 shares of the software maker’s stock after acquiring an additional 1,866,468 shares during the period. Fmr LLC owned approximately 0.83% of SAP worth $2,347,422,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAP. LRI Investments LLC acquired a new stake in SAP in the first quarter valued at approximately $25,000. Godsey & Gibb Inc. purchased a new stake in shares of SAP during the 3rd quarter worth $25,000. POM Investment Strategies LLC increased its holdings in SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC raised its stake in SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new stake in SAP during the 2nd quarter worth about $40,000.

Analyst Ratings Changes

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

SAP Stock Down 1.1 %

SAP stock opened at $233.74 on Tuesday. The stock has a 50 day moving average of $230.85 and a two-hundred day moving average of $212.68. SAP SE has a twelve month low of $148.38 and a twelve month high of $243.01. The stock has a market capitalization of $287.15 billion, a price-to-earnings ratio of 93.50, a PEG ratio of 4.53 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. As a group, research analysts expect that SAP SE will post 4.89 earnings per share for the current year.

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.