Financial Management Professionals Inc. Raises Holdings in SAP SE (NYSE:SAP)

Financial Management Professionals Inc. raised its stake in shares of SAP SE (NYSE:SAP) by 104.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202 shares of the software maker’s stock after buying an additional 103 shares during the quarter. Financial Management Professionals Inc.’s holdings in SAP were worth $50,000 at the end of the most recent reporting period.

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

SAP Trading Up 0.4 %

SAP stock opened at $262.74 on Monday. SAP SE has a 12 month low of $158.94 and a 12 month high of $264.71. The stock has a market cap of $322.77 billion, a price-to-earnings ratio of 105.09, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The business has a 50 day moving average price of $245.68 and a two-hundred day moving average price of $228.12. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the company earned $1.20 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that SAP SE will post 4.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAP. JMP Securities boosted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $240.00 to $305.00 in a research report on Friday. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets increased their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has an average rating of “Buy” and an average price target of $263.17.

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.