SAP SE (NYSE:SAP) Stock Holdings Increased by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC grew its position in shares of SAP SE (NYSE:SAP) by 50.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 437 shares of the software maker’s stock after buying an additional 146 shares during the period. Bruce G. Allen Investments LLC’s holdings in SAP were worth $108,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Fulton Bank N.A. bought a new position in SAP in the fourth quarter worth about $236,000. Park National Corp OH bought a new stake in shares of SAP during the fourth quarter valued at about $416,000. Canandaigua National Bank & Trust Co. lifted its stake in shares of SAP by 31.3% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 5,346 shares of the software maker’s stock worth $1,316,000 after acquiring an additional 1,275 shares during the period. GAMMA Investing LLC increased its position in shares of SAP by 13.6% during the 4th quarter. GAMMA Investing LLC now owns 4,168 shares of the software maker’s stock valued at $1,026,000 after purchasing an additional 500 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in SAP in the 4th quarter valued at about $54,000.

SAP Price Performance

SAP traded down $1.72 during midday trading on Friday, reaching $251.77. 863,825 shares of the company’s stock were exchanged, compared to its average volume of 975,328. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $243.09 and a two-hundred day simple moving average of $225.46. The firm has a market capitalization of $309.30 billion, a price-to-earnings ratio of 100.71, a price-to-earnings-growth ratio of 4.94 and a beta of 1.22. SAP SE has a one year low of $154.96 and a one year high of $256.13.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the company earned $1.20 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that SAP SE will post 4.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAP. TD Cowen lifted their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays lifted their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets raised 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

About SAP

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.