Charles Schwab Investment Management Inc. Purchases 12,948 Shares of SAP SE (NYSE:SAP)

Charles Schwab Investment Management Inc. increased its stake in shares of SAP SE (NYSE:SAP) by 24.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,732 shares of the software maker’s stock after buying an additional 12,948 shares during the period. Charles Schwab Investment Management Inc.’s holdings in SAP were worth $15,059,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Modera Wealth Management LLC lifted its position in SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after buying an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of SAP by 3.5% in the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after buying an additional 51 shares in the last quarter. PDS Planning Inc increased its position in shares of SAP by 1.3% in the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares during the period. RFP Financial Group LLC boosted its position in shares of SAP by 17.5% during the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after acquiring an additional 52 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its stake in shares of SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after purchasing an additional 52 shares during the last quarter.

Wall Street Analyst Weigh In

SAP has been the subject of several research reports. BMO Capital Markets increased their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Barclays increased their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen increased their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, JMP Securities raised their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Performance

NYSE SAP opened at $254.14 on Friday. SAP SE has a 52-week low of $148.38 and a 52-week high of $256.13. The company has a 50-day simple moving average of $233.71 and a 200 day simple moving average of $215.74. The company has a market capitalization of $312.21 billion, a PE ratio of 101.66, a price-to-earnings-growth ratio of 4.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last issued 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). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the business earned $1.20 EPS. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that SAP SE will post 4.89 EPS 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.