JPMorgan Chase & Co. Buys 7,667 Shares of SAP SE (NYSE:SAP)

JPMorgan Chase & Co. raised its stake in shares of SAP SE (NYSE:SAP) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 548,469 shares of the software maker’s stock after purchasing an additional 7,667 shares during the period. JPMorgan Chase & Co.’s holdings in SAP were worth $125,654,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SAP shares. BMO Capital Markets upped their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen upped their target price on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays increased their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Stock Down 1.1 %

Shares of NYSE:SAP opened at $246.21 on Thursday. The company has a market cap of $302.47 billion, a price-to-earnings ratio of 98.48, a PEG ratio of 4.94 and a beta of 1.23. SAP SE has a 12 month low of $148.38 and a 12 month high of $256.13. 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 company has a 50-day moving average price of $241.90 and a 200 day moving average price of $223.29.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. As a group, equities research analysts predict that SAP SE will post 4.8 earnings per share for the current year.

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.