Woodley Farra Manion Portfolio Management Inc. increased its stake in SAP SE (NYSE:SAP) by 42.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,732 shares of the software maker’s stock after purchasing an additional 2,000 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in SAP were worth $828,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Assetmark Inc. boosted its holdings in SAP by 18.6% in the third quarter. Assetmark Inc. now owns 4,000 shares of the software maker’s stock worth $492,000 after purchasing an additional 628 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SAP by 12.5% in the third quarter. JPMorgan Chase & Co. now owns 360,305 shares of the software maker’s stock worth $44,318,000 after purchasing an additional 40,007 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in SAP in the third quarter worth approximately $310,000. Ativo Capital Management LLC boosted its holdings in SAP by 1.8% in the third quarter. Ativo Capital Management LLC now owns 149,741 shares of the software maker’s stock worth $18,418,000 after purchasing an additional 2,703 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SAP by 63.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 459,542 shares of the software maker’s stock worth $56,524,000 after purchasing an additional 178,142 shares during the last quarter. Institutional investors own 4.42% of the company’s stock.
Several research firms have weighed in on SAP. DZ Bank reiterated a “buy” rating on shares of SAP in a research report on Friday, November 23rd. Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a research report on Thursday, October 18th. Barclays decreased their price target on shares of SAP from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Friday, October 19th. UBS Group upgraded shares of SAP from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd. Finally, Zacks Investment Research upgraded shares of SAP from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. SAP presently has an average rating of “Buy” and a consensus target price of $112.89.
SAP traded down $2.38 during trading on Wednesday, hitting $102.91. The company’s stock had a trading volume of 884,227 shares, compared to its average volume of 900,080. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25. SAP SE has a one year low of $98.83 and a one year high of $127.16. The company has a market capitalization of $127.37 billion, a PE ratio of 23.99, a PEG ratio of 3.35 and a beta of 1.27.
SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, October 18th. The software maker reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.99 billion. SAP had a net margin of 17.57% and a return on equity of 17.64%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. Equities analysts forecast that SAP SE will post 4.29 earnings per share for the current fiscal year.
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SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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