BOCHK Asset Management Ltd Takes Position in SAP SE (NYSE:SAP)

BOCHK Asset Management Ltd purchased a new stake in SAP SE (NYSE:SAP) in the fourth quarter, Holdings Channel reports. The firm purchased 300 shares of the software maker’s stock, valued at approximately $74,000.

Other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake 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 buying an additional 1,866,468 shares during the last quarter. Principal Financial Group Inc. grew its stake in SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after buying an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. grew its stake in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after buying an additional 7,667 shares during the last quarter. Stifel Financial Corp grew its stake in SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after buying an additional 23,352 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in SAP during the 3rd quarter worth $40,573,000.

SAP Trading Down 0.8 %

NYSE:SAP opened at $273.49 on Wednesday. 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 stock has a market cap of $335.99 billion, a price-to-earnings ratio of 109.40, a PEG ratio of 3.89 and a beta of 1.22. The business has a fifty day moving average of $251.29 and a 200-day moving average of $231.70. SAP SE has a 1 year low of $173.05 and a 1 year high of $277.36.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. Equities analysts predict that SAP SE will post 4.64 earnings per share for the current year.

Wall Street Analyst Weigh In

SAP has been the subject of a number of recent research reports. BMO Capital Markets upped their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Barclays upped their price objective on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has an average rating of “Buy” and a consensus target price of $276.00.

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.