SAP SE (NYSE:SAP) Shares Acquired by Fmr LLC

Fmr LLC boosted its holdings in SAP SE (NYSE:SAP) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,246,279 shares of the software maker’s stock after acquiring an additional 1,866,468 shares during the quarter. Fmr LLC’s holdings in SAP were worth $2,347,422,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the third quarter valued at about $25,000. LRI Investments LLC acquired a new position in shares of SAP during the 1st quarter worth $25,000. POM Investment Strategies LLC boosted its position in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after buying an additional 116 shares in the last quarter. Crewe Advisors LLC grew its stake in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in SAP during the 2nd quarter valued at about $40,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SAP. BMO Capital Markets increased their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen raised their target price on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, JMP Securities upped their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Down 1.1 %

Shares of NYSE SAP opened at $233.74 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a 1 year low of $148.38 and a 1 year high of $243.01. The stock’s 50-day simple moving average is $230.85 and its 200-day simple moving average is $212.68. The firm has a market cap of $287.15 billion, a price-to-earnings ratio of 93.50, a PEG ratio of 4.53 and a beta of 1.25.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. As a group, equities analysts anticipate that SAP SE will post 4.89 earnings per share 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.