BOCHK Asset Management Ltd Invests $74,000 in SAP SE (NYSE:SAP)

BOCHK Asset Management Ltd bought a new position in shares of SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 300 shares of the software maker’s stock, valued at approximately $74,000.

A number of other institutional investors have also modified their holdings of SAP. FMR LLC grew its holdings 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 purchasing an additional 1,866,468 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of SAP during the 3rd quarter worth about $40,573,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares during the period. Mediolanum International Funds Ltd purchased a new stake in shares of SAP during the 3rd quarter worth about $17,376,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of SAP during the 2nd quarter worth about $9,361,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAP. JMP Securities boosted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays boosted their price target on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $276.00.

SAP Stock Performance

Shares of SAP opened at $273.49 on Wednesday. The business’s 50 day moving average is $251.29 and its two-hundred day moving average is $231.70. SAP SE has a 52-week low of $173.05 and a 52-week high of $277.36. The firm has a market cap of $335.99 billion, a price-to-earnings ratio of 109.40, a PEG ratio of 3.89 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 (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. Analysts forecast that SAP SE will post 4.64 EPS for the current fiscal year.

About SAP

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.