May Hill Capital LLC Takes Position in SAP SE (NYSE:SAP)

May Hill Capital LLC acquired a new stake in shares of SAP SE (NYSE:SAP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,530 shares of the software maker’s stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC bought a new stake in shares of SAP during the 4th quarter worth approximately $290,023,000. TD Asset Management Inc. lifted its position in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after purchasing an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after purchasing an additional 798,037 shares during the period. Wellington Management Group LLP bought a new position in shares of SAP in the fourth quarter worth about $163,630,000. Finally, Raymond James Financial Inc. purchased a new position in SAP in the 4th quarter worth about $150,668,000.

SAP Price Performance

SAP opened at $268.92 on Tuesday. The firm has a market capitalization of $330.37 billion, a PE ratio of 93.70, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. 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 business’s 50-day moving average is $277.18 and its two-hundred day moving average is $252.30. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70.

SAP (NYSE:SAP) last posted its quarterly earnings data 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%. Research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAP has been the topic of a number of research reports. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP presently has a consensus rating of “Buy” and an average price target of $248.83.

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.