Empirical Asset Management LLC Takes Position in SAP SE (NYSE:SAP)

Empirical Asset Management LLC purchased a new position in SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,616 shares of the software maker’s stock, valued at approximately $3,352,000.

A number of other hedge funds also recently bought and sold shares of SAP. American Century Companies Inc. raised its holdings in SAP by 5.6% in the second quarter. American Century Companies Inc. now owns 76,077 shares of the software maker’s stock worth $15,346,000 after buying an additional 4,037 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in SAP by 0.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 129,213 shares of the software maker’s stock worth $26,064,000 after acquiring an additional 773 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in SAP by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock valued at $9,232,000 after acquiring an additional 1,158 shares in the last quarter. Virtu Financial LLC purchased a new stake in SAP during the 2nd quarter valued at $755,000. Finally, Axxcess Wealth Management LLC increased its holdings in shares of SAP by 97.1% in the 2nd quarter. Axxcess Wealth Management LLC now owns 7,740 shares of the software maker’s stock worth $1,561,000 after purchasing an additional 3,814 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SAP shares. Barclays upped 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. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. TD Cowen lifted 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. BMO Capital Markets raised 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. Finally, JMP Securities upped 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. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Price Performance

NYSE SAP opened at $261.79 on Friday. The business’s fifty day moving average is $244.74 and its 200 day moving average is $227.23. SAP SE has a fifty-two week low of $155.82 and a fifty-two week high of $262.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $321.61 billion, a PE ratio of 104.72, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22.

SAP (NYSE:SAP) last announced its quarterly earnings data 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). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the firm posted $1.20 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that SAP SE will post 4.66 earnings per share 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.