Gries Financial LLC Invests $237,000 in SAP SE (NYSE:SAP)

Gries Financial LLC purchased a new stake in SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 964 shares of the software maker’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAP. Holocene Advisors LP purchased a new stake in shares of SAP in the third quarter valued at $10,869,000. Atomi Financial Group Inc. raised its position in SAP by 38.9% during the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after buying an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after acquiring an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. boosted its position in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after acquiring an additional 8,380 shares in the last quarter.

SAP Stock Performance

Shares of NYSE SAP opened at $279.47 on Friday. The business’s 50-day simple moving average is $252.13 and its 200-day simple moving average is $232.02. SAP SE has a 52 week low of $173.05 and a 52 week high of $280.53. 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 firm has a market cap of $343.33 billion, a price-to-earnings ratio of 97.38, a P/E/G ratio of 3.93 and a beta of 1.22.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.42%. As a group, equities research analysts expect that SAP SE will post 6.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. Barclays upped their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Company 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.