GAMMA Investing LLC Grows Stake in SAP SE (NYSE:SAP)

GAMMA Investing LLC boosted its position in shares of SAP SE (NYSE:SAP) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,168 shares of the software maker’s stock after purchasing an additional 500 shares during the quarter. GAMMA Investing LLC’s holdings in SAP were worth $1,026,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the 3rd quarter worth about $25,000. Brooklyn Investment Group acquired a new position in SAP during the third quarter worth about $42,000. Prospera Private Wealth LLC purchased a new stake in shares of SAP in the third quarter valued at about $47,000. Versant Capital Management Inc acquired a new stake in shares of SAP in the fourth quarter valued at approximately $54,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SAP during the 3rd quarter worth approximately $59,000.

Wall Street Analyst Weigh In

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

SAP Stock Down 0.7 %

Shares of NYSE:SAP opened at $241.40 on Friday. SAP SE has a 12-month low of $148.38 and a 12-month high of $256.13. The stock’s 50-day moving average price is $241.99 and its two-hundred day moving average price is $223.43. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a market cap of $296.56 billion, a price-to-earnings ratio of 96.56, a PEG ratio of 4.94 and a beta of 1.23.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share. On average, research analysts forecast that SAP SE will post 4.8 EPS for the current 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.