Anchor Investment Management LLC Has $63,000 Holdings in SAP SE (NYSE:SAP)

Anchor Investment Management LLC increased its position in shares of SAP SE (NYSE:SAP) by 448.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 274 shares of the software maker’s stock after purchasing an additional 224 shares during the period. Anchor Investment Management LLC’s holdings in SAP were worth $63,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of SAP by 56.6% in the second quarter. Blue Trust Inc. now owns 2,366 shares of the software maker’s stock valued at $462,000 after buying an additional 855 shares during the last quarter. Raymond James & Associates lifted its holdings in SAP by 3.7% during the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock valued at $127,473,000 after purchasing an additional 22,438 shares during the last quarter. Western Wealth Management LLC boosted its position in SAP by 8.9% during the second quarter. Western Wealth Management LLC now owns 2,136 shares of the software maker’s stock worth $431,000 after purchasing an additional 175 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of SAP by 137.1% in the second quarter. First Horizon Advisors Inc. now owns 2,544 shares of the software maker’s stock valued at $513,000 after purchasing an additional 1,471 shares during the last quarter. Finally, Sunpointe LLC raised its position in shares of SAP by 7.6% in the second quarter. Sunpointe LLC now owns 2,205 shares of the software maker’s stock valued at $445,000 after purchasing an additional 155 shares during the period.

SAP Price Performance

Shares of NYSE SAP opened at $253.30 on Friday. The business has a fifty day moving average price of $236.50 and a two-hundred day moving average price of $217.75. The stock has a market capitalization of $311.18 billion, a PE ratio of 101.32, a P/E/G ratio of 4.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a fifty-two week low of $148.38 and a fifty-two week high of $256.13.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that SAP SE will post 4.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JMP Securities upped their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on 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 boosted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen increased their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

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.