Charles Schwab Investment Management Inc. Grows Stock Holdings in SAP SE (NYSE:SAP)

Charles Schwab Investment Management Inc. raised its position in shares of SAP SE (NYSE:SAP) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,495 shares of the software maker’s stock after buying an additional 10,763 shares during the period. Charles Schwab Investment Management Inc.’s holdings in SAP were worth $18,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Holocene Advisors LP purchased a new position in shares of SAP during the third quarter worth $10,869,000. Atomi Financial Group Inc. boosted its holdings in SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after purchasing an additional 11,057 shares during the period. JPMorgan Chase & Co. boosted its holdings in SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in SAP by 98.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock valued at $633,000 after purchasing an additional 1,279 shares during the period.

SAP Stock Up 0.3 %

Shares of NYSE SAP opened at $271.37 on Thursday. The company has a market capitalization of $333.37 billion, a price-to-earnings ratio of 94.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The business has a 50-day moving average of $274.85 and a two-hundred day moving average of $248.92. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of recent research reports. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP 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.