Channel Wealth LLC Makes New Investment in SAP SE (NYSE:SAP)

Channel Wealth LLC purchased a new stake in SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 819 shares of the software maker’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently bought and sold shares of SAP. Empirical Asset Management LLC purchased a new position in shares of SAP in the fourth quarter worth approximately $3,352,000. Ritholtz Wealth Management boosted its stake in SAP by 3.3% in the 4th quarter. Ritholtz Wealth Management now owns 28,027 shares of the software maker’s stock worth $6,901,000 after purchasing an additional 897 shares during the period. Gateway Investment Advisers LLC grew its position in SAP by 9.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 1,264 shares of the software maker’s stock worth $311,000 after purchasing an additional 112 shares in the last quarter. RMR Wealth Builders purchased a new stake in shares of SAP in the fourth quarter valued at $246,000. Finally, Park Avenue Securities LLC boosted its position in shares of SAP by 37.9% in the fourth quarter. Park Avenue Securities LLC now owns 19,906 shares of the software maker’s stock worth $4,901,000 after buying an additional 5,473 shares during the period.

SAP Price Performance

NYSE SAP opened at $261.79 on Friday. SAP SE has a fifty-two week low of $155.82 and a fifty-two week high of $262.87. The stock’s 50-day moving average is $244.74 and its two-hundred day moving average is $227.23. The firm has a market cap of $321.61 billion, a P/E ratio of 104.72, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during 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 for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. On average, analysts anticipate that SAP SE will post 4.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on SAP shares. BMO Capital Markets upped their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. 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 report on Tuesday, October 22nd. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a research note on Friday. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Barclays upped their price target 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, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $263.17.

About SAP

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.