FDx Advisors Inc. Invests $820,000 in SAP SE (NYSE:SAP)

FDx Advisors Inc. acquired a new position in shares of SAP SE (NYSE:SAP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,332 shares of the software maker’s stock, valued at approximately $820,000.

A number of other large investors also recently modified their holdings of the business. FMR LLC boosted its stake in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after buying an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of SAP during the 4th quarter worth about $290,023,000. Principal Financial Group Inc. boosted its stake in shares of SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after buying an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in SAP by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after purchasing an additional 23,352 shares during the last quarter.

SAP Trading Down 0.1 %

Shares of SAP stock opened at $288.08 on Friday. The firm has a 50 day moving average price of $265.30 and a two-hundred day moving average price of $240.60. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $353.90 billion, a PE ratio of 100.38, a price-to-earnings-growth ratio of 4.72 and a beta of 1.23. SAP SE has a 12-month low of $174.88 and a 12-month high of $293.70.

SAP (NYSE:SAP) last issued its quarterly earnings data 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%. As a group, analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SAP shares. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. BMO Capital Markets raised their target price 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $248.83.

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.