Versant Capital Management Inc Makes New Investment in SAP SE (NYSE:SAP)

Versant Capital Management Inc acquired a new stake in SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 220 shares of the software maker’s stock, valued at approximately $54,000.

Several other institutional investors have also modified their holdings of the company. Holocene Advisors LP acquired a new stake in SAP in the third quarter valued at $10,869,000. JPMorgan Chase & Co. increased its holdings in shares of SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after acquiring an additional 8,380 shares in the last quarter. Creative Planning lifted its stake in SAP by 18.0% during the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after purchasing an additional 14,546 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares in the last quarter.

SAP Price Performance

SAP stock opened at $241.40 on Monday. SAP SE has a 12 month low of $148.38 and a 12 month high of $256.13. The stock has a market capitalization of $296.56 billion, a PE ratio of 96.56, a price-to-earnings-growth ratio of 4.94 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50 day simple moving average of $242.07 and a 200-day simple moving average of $224.28.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that SAP SE will post 4.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SAP shares. Barclays raised their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen upped their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

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.