SAP SE (NYSE:SAP) Holdings Boosted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its holdings in SAP SE (NYSE:SAP) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,094 shares of the software maker’s stock after buying an additional 170 shares during the period. The Manufacturers Life Insurance Company’s holdings in SAP were worth $67,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. LRI Investments LLC acquired a new stake in SAP during the 1st quarter worth about $25,000. Godsey & Gibb Inc. purchased a new position in SAP during the third quarter valued at approximately $25,000. POM Investment Strategies LLC increased its stake in SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the period. Crewe Advisors LLC lifted its position in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in shares of SAP during the 2nd quarter valued at $40,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SAP shares. BMO Capital Markets increased their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen boosted 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. Finally, JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Price Performance

Shares of SAP stock opened at $232.20 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $231.31 and a 200-day simple moving average of $213.13. The stock has a market capitalization of $285.26 billion, a price-to-earnings ratio of 92.88, a PEG ratio of 4.49 and a beta of 1.25. SAP SE has a 1-year low of $148.38 and a 1-year high of $243.01.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. On average, sell-side analysts expect that SAP SE will post 4.89 earnings per share 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.