844 Shares in SAP SE (NYSE:SAP) Purchased by Mayport LLC

Mayport LLC purchased a new position in SAP SE (NYSE:SAP) during the fourth quarter, Holdings Channel.com reports. The firm purchased 844 shares of the software maker’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently bought and sold shares of SAP. Janney Capital Management LLC increased its stake in SAP by 4.4% in the 3rd quarter. Janney Capital Management LLC now owns 1,924 shares of the software maker’s stock worth $441,000 after purchasing an additional 81 shares in the last quarter. Pure Financial Advisors LLC acquired a new stake in SAP in the 3rd quarter worth approximately $232,000. Janney Montgomery Scott LLC lifted its holdings in shares of SAP by 0.9% during the third quarter. Janney Montgomery Scott LLC now owns 62,580 shares of the software maker’s stock worth $14,337,000 after buying an additional 568 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of SAP by 4.5% during the third quarter. QRG Capital Management Inc. now owns 89,751 shares of the software maker’s stock valued at $20,562,000 after purchasing an additional 3,892 shares during the period. Finally, PDS Planning Inc increased its position in shares of SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after purchasing an additional 51 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on SAP. BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Barclays increased their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $248.83.

SAP Stock Up 2.1 %

Shares of SAP stock opened at $280.81 on Tuesday. The stock’s 50-day moving average is $269.83 and its 200 day moving average is $244.75. The firm has a market cap of $344.98 billion, a price-to-earnings ratio of 97.84, a PEG ratio of 4.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a one year low of $175.08 and a one year high of $293.70.

SAP (NYSE:SAP) last issued 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 12.18%. Equities research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.