SAP SE (NYSE:SAP) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in shares of SAP SE (NYSE:SAP) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 295,094 shares of the software maker’s stock after purchasing an additional 170 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in SAP were worth $67,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Modera Wealth Management LLC lifted its stake in SAP by 1.4% in the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after buying an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after purchasing an additional 51 shares during the period. PDS Planning Inc grew its position in SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares during the last quarter. RFP Financial Group LLC increased its stake in shares of SAP by 17.5% in the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock valued at $70,000 after purchasing an additional 52 shares during the period. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of SAP by 5.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after buying an additional 52 shares during the last quarter.

SAP Trading Down 1.2 %

Shares of NYSE:SAP opened at $232.20 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $285.26 billion, a price-to-earnings ratio of 92.88, a PEG ratio of 4.49 and a beta of 1.25. SAP SE has a 1-year low of $148.38 and a 1-year high of $243.01. The company has a 50 day moving average price of $231.31 and a 200 day moving average price of $213.13.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that SAP SE will post 4.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on SAP. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays lifted their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen increased their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $252.33.

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.