O Shaughnessy Asset Management LLC Purchases 11,811 Shares of SAP SE (NYSE:SAP)

O Shaughnessy Asset Management LLC increased its position in shares of SAP SE (NYSE:SAP) by 12.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 104,430 shares of the software maker’s stock after acquiring an additional 11,811 shares during the period. O Shaughnessy Asset Management LLC’s holdings in SAP were worth $25,712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. WCM Investment Management LLC bought a new position in shares of SAP in the fourth quarter worth approximately $290,023,000. TD Asset Management Inc. grew its stake in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after buying an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after buying an additional 798,037 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SAP during the 4th quarter worth $150,668,000. Finally, Fisher Asset Management LLC grew its position in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after acquiring an additional 403,956 shares in the last quarter.

SAP Price Performance

SAP stock opened at $267.83 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $277.05 and its two-hundred day moving average price is $251.97. The stock has a market capitalization of $329.03 billion, a price-to-earnings ratio of 93.32, a PEG ratio of 4.71 and a beta of 1.25. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SAP shares. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Finally, Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $248.83.

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.