220 Shares in SAP SE (NYSE:SAP) Bought by Versant Capital Management Inc

Versant Capital Management Inc purchased a new stake in SAP SE (NYSE:SAP) during the 4th quarter, Holdings Channel reports. The fund purchased 220 shares of the software maker’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares during the period. International Assets Investment Management LLC acquired a new stake in SAP during the third quarter worth about $40,573,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares during the period. Marshall Wace LLP acquired a new position in shares of SAP in the 2nd quarter valued at about $21,479,000. Finally, Mediolanum International Funds Ltd acquired a new stake in SAP during the 3rd quarter worth approximately $17,376,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAP. TD Cowen lifted their price target on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. JMP Securities raised their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Performance

NYSE:SAP opened at $241.40 on Monday. SAP SE has a 1-year low of $148.38 and a 1-year high of $256.13. The stock has a market cap of $296.56 billion, a P/E ratio of 96.56, a PEG ratio of 4.94 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50-day moving average of $242.07 and a two-hundred day moving average of $224.28.

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). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts expect that SAP SE will post 4.8 earnings per share for the current fiscal 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.