Signaturefd LLC Has $5.06 Million Stock Position in SAP SE (NYSE:SAP)

Signaturefd LLC increased its position in shares of SAP SE (NYSE:SAP) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,553 shares of the software maker’s stock after purchasing an additional 731 shares during the quarter. Signaturefd LLC’s holdings in SAP were worth $5,060,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. FMR LLC boosted its position in shares of SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC bought a new stake in SAP in the 4th quarter valued at $290,023,000. Raymond James Financial Inc. acquired a new stake in SAP in the 4th quarter valued at approximately $150,668,000. Fisher Asset Management LLC boosted its holdings in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 buying an additional 249,824 shares during the last quarter.

SAP Trading Up 3.5 %

Shares of SAP stock opened at $264.05 on Monday. The firm has a market cap of $324.38 billion, a PE ratio of 92.00, a PEG ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a 50 day simple moving average of $273.62 and a two-hundred day simple moving average of $248.05.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on SAP. BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. JMP Securities lifted their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Barclays increased their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP has a consensus rating of “Buy” and an average 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.