Confluence Investment Management LLC Boosts Holdings in SAP SE (NYSE:SAP)

Confluence Investment Management LLC raised its holdings in shares of SAP SE (NYSE:SAP) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,325 shares of the software maker’s stock after buying an additional 49 shares during the period. Confluence Investment Management LLC’s holdings in SAP were worth $1,065,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SAP. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the 3rd quarter worth $25,000. Brooklyn Investment Group purchased a new stake in SAP in the third quarter worth about $42,000. Prospera Private Wealth LLC bought a new position in shares of SAP in the third quarter worth about $47,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SAP during the 3rd quarter valued at about $59,000. Finally, Anchor Investment Management LLC grew its stake in shares of SAP by 448.0% during the 3rd quarter. Anchor Investment Management LLC now owns 274 shares of the software maker’s stock valued at $63,000 after acquiring an additional 224 shares during the period.

SAP Price Performance

NYSE:SAP opened at $243.12 on Friday. The business’s 50-day moving average is $241.90 and its 200 day moving average is $223.29. SAP SE has a 12 month low of $148.38 and a 12 month high of $256.13. The company has a market capitalization of $298.67 billion, a P/E ratio of 97.25, a P/E/G ratio of 4.94 and a beta of 1.23. 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 (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 EPS 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 firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that SAP SE will post 4.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of recent analyst reports. JMP Securities raised their target price 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. BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Barclays raised their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen upped their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

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.