Fox Run Management L.L.C. Takes Position in SAP SE (NYSE:SAP)

Fox Run Management L.L.C. bought a new position in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,261 shares of the software maker’s stock, valued at approximately $310,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in shares of SAP by 79.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker’s stock worth $852,000 after buying an additional 1,642 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in SAP by 24.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 65,732 shares of the software maker’s stock valued at $15,059,000 after acquiring an additional 12,948 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in SAP by 10.2% in the third quarter. Great Valley Advisor Group Inc. now owns 1,640 shares of the software maker’s stock valued at $376,000 after acquiring an additional 152 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of SAP by 6.8% during the third quarter. Bank of Montreal Can now owns 176,571 shares of the software maker’s stock worth $40,258,000 after purchasing an additional 11,188 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of SAP during the third quarter worth about $296,000.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of research analyst reports. TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets lifted their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has an average rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

Shares of SAP opened at $268.16 on Friday. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The stock has a market capitalization of $329.43 billion, a P/E ratio of 93.43, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company’s fifty day moving average is $276.95 and its two-hundred day moving average is $251.09.

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

SAP Company 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.