Financial Management Professionals Inc. Purchases 103 Shares of SAP SE (NYSE:SAP)

Financial Management Professionals Inc. grew its holdings in SAP SE (NYSE:SAP) by 104.0% during the 4th quarter, Holdings Channel reports. The firm owned 202 shares of the software maker’s stock after purchasing an additional 103 shares during the period. Financial Management Professionals Inc.’s holdings in SAP were worth $50,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SAP. FMR LLC boosted its stake in 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 last quarter. Principal Financial Group Inc. boosted its position in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after purchasing an additional 7,667 shares during the period. Stifel Financial Corp lifted its stake in SAP by 12.5% in the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after buying an additional 23,352 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in SAP by 8.6% during the second quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after buying an additional 15,604 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities upped their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a research report on Friday. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has an average rating of “Buy” and an average price target of $263.17.

SAP Stock Up 0.4 %

NYSE:SAP opened at $262.74 on Monday. The firm has a market capitalization of $322.77 billion, a price-to-earnings ratio of 105.09, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a twelve month low of $158.94 and a twelve month high of $264.71. The stock’s 50 day moving average price is $245.68 and its two-hundred day moving average price is $228.12.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. Equities research analysts expect that SAP SE will post 4.66 earnings per share for the current fiscal year.

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.