1,530 Shares in SAP SE (NYSE:SAP) Purchased by May Hill Capital LLC

May Hill Capital LLC acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,530 shares of the software maker's stock, valued at approximately $377,000.

A number of other institutional investors have also recently made changes to their positions in the business. Holocene Advisors LP acquired a new stake in SAP in the third quarter worth about $10,869,000. Atomi Financial Group Inc. raised its position in shares of SAP by 38.9% in the 4th 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 last quarter. Mount Yale Investment Advisors LLC boosted its stake in SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock worth $4,030,000 after purchasing an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 purchasing an additional 7,667 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in SAP by 152.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock valued at $101,969,000 after purchasing an additional 249,824 shares in the last quarter.

SAP Stock Performance

SAP stock traded down $14.96 during midday trading on Friday, hitting $249.38. 1,877,818 shares of the stock traded hands, compared to its average volume of 933,604. The stock's fifty day simple moving average is $276.41 and its 200-day simple moving average is $253.26. The firm has a market cap of $306.37 billion, a P/E ratio of 86.89, a PEG ratio of 4.71 and a beta of 1.28. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results 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 9.17% and a return on equity of 12.18%. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SAP. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and boosted their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays increased their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP currently has a consensus rating of "Buy" and a consensus target price of $248.83.

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.