SAP SE (NYSE:SAP) Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC boosted its position in SAP SE (NYSE:SAP) by 9.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,264 shares of the software maker’s stock after purchasing an additional 112 shares during the period. Gateway Investment Advisers LLC’s holdings in SAP were worth $311,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SAP. Wedmont Private Capital grew its holdings in SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares during the period. Confluence Investment Management LLC increased its holdings in shares of SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after buying an additional 49 shares during the last quarter. PDS Planning Inc raised its position in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after buying an additional 51 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after acquiring an additional 52 shares during the last quarter. Finally, Drive Wealth Management LLC grew its position in SAP by 2.9% during the third quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker’s stock valued at $498,000 after acquiring an additional 61 shares during the period.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of research reports. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays raised their price target on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $305.00 in a research note on Friday. JMP Securities raised 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, 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. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $263.17.

SAP Stock Performance

NYSE:SAP opened at $262.74 on Monday. The firm has a 50-day moving average of $245.68 and a two-hundred day moving average of $228.12. 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 stock has a market cap of $322.77 billion, a P/E ratio of 105.09, a PEG ratio of 3.56 and a beta of 1.22. SAP SE has a 1-year low of $158.94 and a 1-year high of $264.71.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. On average, research analysts expect that SAP SE will post 4.66 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.