Nisa Investment Advisors LLC Takes Position in SAP SE (NYSE:SAP)

Nisa Investment Advisors LLC acquired a new position in shares of SAP SE (NYSE:SAP) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 400 shares of the software maker’s stock, valued at approximately $107,000.

Several other institutional investors have also recently added to or reduced their stakes in SAP. GAMMA Investing LLC boosted its stake in shares of SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock worth $350,644,000 after purchasing an additional 1,302,061 shares during the last quarter. TD Asset Management Inc. boosted its position in SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after acquiring an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. grew its stake in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after acquiring an additional 798,037 shares during the period. Northern Trust Corp raised its holdings in SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after acquiring an additional 701,880 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of SAP during the 4th quarter worth $163,630,000.

SAP Stock Down 0.8%

Shares of NYSE:SAP opened at $306.17 on Friday. SAP SE has a 1 year low of $194.93 and a 1 year high of $313.28. The stock has a 50-day simple moving average of $299.81 and a 200-day simple moving average of $281.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $376.13 billion, a P/E ratio of 58.65, a PEG ratio of 4.37 and a beta of 1.30.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. Equities analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SAP shares. Wall Street Zen raised SAP from a “hold” rating to a “buy” rating in a research report on Sunday, June 29th. Argus restated a “buy” rating and issued a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. UBS Group upgraded shares of SAP to a “strong-buy” rating in a report on Friday, May 30th. Piper Sandler started coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an “overweight” rating on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $330.00 price target on shares of SAP in a research report on Friday, May 23rd. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $271.83.

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.