SAP SE (NYSE:SAP) Shares Acquired by PDS Planning Inc

PDS Planning Inc raised its holdings in shares of SAP SE (NYSE:SAP) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,127 shares of the software maker’s stock after acquiring an additional 133 shares during the quarter. PDS Planning Inc’s holdings in SAP were worth $1,016,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Holocene Advisors LP acquired a new position in shares of SAP during the 3rd quarter worth about $10,869,000. Atomi Financial Group Inc. boosted its position in shares of SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after acquiring an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its position in shares of SAP by 208.2% during the 4th 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $101,969,000 after acquiring an additional 249,824 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $248.83.

SAP Stock Up 2.3 %

SAP opened at $269.95 on Tuesday. The business has a 50 day moving average price of $274.09 and a two-hundred day moving average price of $248.41. 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 $331.63 billion, a PE ratio of 94.06, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a 52 week low of $175.08 and a 52 week 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 net margin of 9.17% and a return on equity of 12.18%. As a group, research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.