SAP SE (NYSE:SAP) Shares Bought by GQG Partners LLC

GQG Partners LLC increased its position in SAP SE (NYSE:SAP) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 285,624 shares of the software maker’s stock after acquiring an additional 4,964 shares during the quarter. GQG Partners LLC’s holdings in SAP were worth $70,323,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Holocene Advisors LP acquired a new stake in SAP in the third quarter valued at $10,869,000. Atomi Financial Group Inc. grew its stake in SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after acquiring an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC increased its holdings in SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after acquiring an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 7,667 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SAP by 152.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after purchasing an additional 249,824 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on SAP. Barclays lifted their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Trading Up 1.1 %

NYSE SAP opened at $275.61 on Tuesday. The company has a market cap of $338.59 billion, a P/E ratio of 96.03, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company has a 50-day moving average of $276.16 and a 200-day moving average of $250.37.

SAP (NYSE:SAP) last issued its quarterly 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 return on equity of 12.18% and a net margin of 9.17%. As a group, equities analysts predict that SAP SE will post 6.55 earnings per share for the current year.

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.