FSM Wealth Advisors LLC Acquires 71 Shares of SAP SE (NYSE:SAP)

FSM Wealth Advisors LLC increased its holdings in SAP SE (NYSE:SAP) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,672 shares of the software maker’s stock after buying an additional 71 shares during the quarter. FSM Wealth Advisors LLC’s holdings in SAP were worth $437,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. FMR LLC boosted its position in shares of SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of SAP during the third quarter valued at about $40,573,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after acquiring an additional 142,270 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in SAP during the 3rd quarter worth $17,376,000. Finally, Holocene Advisors LP acquired a new position in shares of SAP in the third quarter worth approximately $10,869,000.

SAP Stock Down 1.1 %

Shares of SAP opened at $276.42 on Monday. The company has a market cap of $339.58 billion, a PE ratio of 96.31, a P/E/G ratio of 4.53 and a beta of 1.23. SAP SE has a 52-week low of $173.05 and a 52-week high of $280.53. The business has a fifty day moving average of $253.80 and a 200 day moving average of $233.05. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 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 expect that SAP SE will post 6.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JMP Securities raised their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a research report on Thursday. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP presently has a consensus rating of “Buy” and an average target price of $248.83.

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.