Mitchell & Pahl Private Wealth LLC Increases Position in SAP SE (NYSE:SAP)

Mitchell & Pahl Private Wealth LLC increased its holdings in shares of SAP SE (NYSE:SAP) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,139 shares of the software maker’s stock after buying an additional 168 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in SAP were worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Holocene Advisors LP bought a new stake in shares of SAP during the 3rd quarter worth $10,869,000. JPMorgan Chase & Co. increased its holdings in SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after buying an additional 7,667 shares during the last quarter. Benjamin Edwards Inc. raised its position in SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after acquiring an additional 8,380 shares during the period. Creative Planning grew its position in shares of SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after acquiring an additional 14,546 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after acquiring an additional 142,270 shares during the period.

Analyst Upgrades and Downgrades

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

SAP Trading Up 0.4 %

Shares of SAP stock opened at $262.74 on Tuesday. The company’s 50-day moving average price is $245.68 and its 200-day moving average price is $228.29. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 12-month low of $158.94 and a 12-month high of $264.71. The company has a market cap of $322.77 billion, a price-to-earnings ratio of 105.09, a PEG ratio of 3.72 and a beta of 1.22.

SAP (NYSE:SAP) last posted its 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). The firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.20 earnings per share. On average, equities analysts expect that SAP SE will post 4.66 earnings per share for the current fiscal year.

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.