SAP SE (NYSE:SAP) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC grew its position in shares of SAP SE (NYSE:SAP) by 10.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,777 shares of the software maker’s stock after purchasing an additional 363 shares during the quarter. Kathmere Capital Management LLC’s holdings in SAP were worth $930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SAP. Godsey & Gibb Inc. acquired a new stake in SAP during the third quarter worth approximately $25,000. Brooklyn Investment Group acquired a new stake in SAP in the 3rd quarter worth about $42,000. Prospera Private Wealth LLC purchased a new stake in SAP in the 3rd quarter valued at about $47,000. Versant Capital Management Inc acquired a new position in shares of SAP during the 4th quarter valued at about $54,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SAP in the third quarter worth approximately $59,000.

SAP Trading Up 1.5 %

SAP opened at $253.20 on Wednesday. SAP SE has a 12-month low of $155.82 and a 12-month high of $256.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $311.06 billion, a PE ratio of 101.28, a P/E/G ratio of 4.94 and a beta of 1.22. The firm’s fifty day moving average price is $244.13 and its 200 day moving average price is $226.99.

SAP (NYSE:SAP) last announced its quarterly earnings data 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). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts expect that SAP SE will post 4.8 EPS for the current fiscal year.

Analysts Set New Price Targets

SAP has been the topic of a number of research analyst reports. TD Cowen lifted their price target on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Barclays lifted their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

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.