Madison Investment Advisors LLC Makes New Investment in SAP SE (NYSE:SAP)

Madison Investment Advisors LLC purchased a new position in shares of SAP SE (NYSE:SAP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,194 shares of the software maker’s stock, valued at approximately $2,510,000.

A number of other large investors also recently bought and sold shares of the stock. FMR LLC raised its stake in SAP by 22.3% during the third 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. Fisher Asset Management LLC raised its stake in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the period. WCM Investment Management LLC purchased a new position in SAP during the fourth quarter worth approximately $290,023,000. Raymond James Financial Inc. purchased a new position in SAP during the fourth quarter worth approximately $150,668,000. Finally, Principal Financial Group Inc. raised its stake in SAP by 0.8% during the third 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 period.

SAP Stock Up 0.4 %

NYSE SAP opened at $272.69 on Friday. The stock has a market cap of $335.00 billion, a PE ratio of 95.01, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The business has a 50 day moving average price of $275.63 and a two-hundred day moving average price of $249.45. 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 earnings results 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 net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $248.83.

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.