JPMorgan Chase & Co. Increases Position in SAP SE $SAP

JPMorgan Chase & Co. raised its stake in SAP SE (NYSE:SAP) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,116,675 shares of the software maker’s stock after purchasing an additional 28,924 shares during the period. JPMorgan Chase & Co.’s holdings in SAP were worth $298,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SAP. First PREMIER Bank acquired a new position in SAP during the third quarter worth approximately $25,000. Retirement Wealth Solutions LLC grew its holdings in SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after buying an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in SAP in the 3rd quarter valued at about $27,000. Copia Wealth Management acquired a new position in shares of SAP in the third quarter valued at approximately $28,000. Finally, Guerra Advisors Inc purchased a new position in shares of SAP during the 3rd quarter worth $31,000.

SAP Trading Down 2.4%

SAP stock opened at $200.29 on Friday. SAP SE has a 52 week low of $189.22 and a 52 week high of $313.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a market capitalization of $246.06 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 2.28 and a beta of 1.17. The company has a 50 day moving average price of $228.46 and a 200 day moving average price of $251.35.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.52%. The firm had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the business earned $1.40 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts forecast that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAP. Piper Sandler began coverage on shares of SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating on the stock. Argus reissued a “buy” rating and issued a $320.00 price objective on shares of SAP in a research report on Friday, October 24th. Wall Street Zen raised shares of SAP from a “hold” rating to a “buy” rating in a report on Monday. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday, October 31st. Finally, TD Cowen reissued a “buy” rating on shares of SAP in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.