Davies Financial Advisors Inc. Invests $336,000 in SAP SE (NYSE:SAP)

Davies Financial Advisors Inc. acquired a new stake in SAP SE (NYSE:SAP) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,366 shares of the software maker’s stock, valued at approximately $336,000.

A number of other large investors have also bought and sold shares of the business. FMR LLC boosted its position in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. grew its position in SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares in the last quarter. Stifel Financial Corp increased its stake in SAP by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after buying an additional 23,352 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after buying an additional 15,604 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price target for the company from $240.00 to $305.00 in a research note on Friday. Finally, Barclays boosted their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $263.17.

SAP Stock Performance

NYSE SAP opened at $262.74 on Tuesday. The stock has a market cap of $322.77 billion, a PE ratio of 105.09, a P/E/G ratio of 3.72 and a beta of 1.22. 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 50-day moving average of $245.68 and a 200-day moving average of $228.29. SAP SE has a 52-week low of $158.94 and a 52-week high of $264.71.

SAP (NYSE:SAP) last issued 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 company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter last year, the business earned $1.20 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that SAP SE will post 4.66 EPS 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.