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

Simon Quick Advisors LLC grew its position in SAP SE (NYSE:SAP) by 16.8% in the fourth quarter, according to its most recent filing with the 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 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new position in SAP in the third quarter valued at about $25,000. Brooklyn Investment Group bought a new position in SAP in the 3rd quarter valued at approximately $42,000. Prospera Private Wealth LLC acquired a new stake in SAP during the 3rd quarter worth approximately $47,000. Financial Management Professionals Inc. grew its holdings in SAP by 104.0% during the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after acquiring an additional 103 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in SAP in the 4th quarter valued at approximately $54,000.

SAP Stock Performance

NYSE:SAP opened at $275.30 on Friday. The firm 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 twelve month low of $172.32 and a twelve month high of $275.38. The company has a fifty day moving average of $247.76 and a 200-day moving average of $229.46. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share 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 analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 EPS. As a group, sell-side analysts anticipate that SAP SE will post 4.66 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JMP Securities boosted their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Barclays increased their price target on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research note 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 upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP has an average rating of “Buy” and an average target price of $264.50.

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.