JPMorgan Chase & Co. Buys 798,037 Shares of SAP SE (NYSE:SAP)

JPMorgan Chase & Co. increased its stake in shares of SAP SE (NYSE:SAP) by 145.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,346,506 shares of the software maker’s stock after purchasing an additional 798,037 shares during the period. JPMorgan Chase & Co.’s holdings in SAP were worth $331,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Holocene Advisors LP bought a new position in shares of SAP in the third quarter worth approximately $10,869,000. Atomi Financial Group Inc. grew its stake in shares of SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after buying an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC increased its stake in SAP by 208.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after acquiring an additional 11,057 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SAP by 152.0% during the 4th 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 during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of SAP by 98.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock valued at $633,000 after acquiring an additional 1,279 shares during the period.

SAP Stock Down 0.1 %

Shares of SAP stock opened at $267.83 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The company has a market cap of $329.03 billion, a P/E ratio of 93.32, a PEG ratio of 4.71 and a beta of 1.25. The firm’s 50 day moving average price is $277.05 and its 200-day moving average price is $251.97. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. On average, sell-side analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. 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. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP currently has an average rating of “Buy” and a consensus target price of $248.83.

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.