Mesirow Financial Investment Management Inc. Increases Position in SAP SE (NYSE:SAP)

Mesirow Financial Investment Management Inc. grew its holdings in shares of SAP SE (NYSE:SAP) by 10.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,326 shares of the software maker’s stock after purchasing an additional 129 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in SAP were worth $304,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SAP. Cetera Advisors LLC boosted its holdings in SAP by 113.3% in the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after acquiring an additional 8,003 shares in the last quarter. Creative Planning boosted its stake in SAP by 18.0% in the 3rd 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 in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in SAP during the 3rd quarter valued at about $3,780,000. Dash Acquisitions Inc. increased its stake in SAP by 2.8% during the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock valued at $19,039,000 after purchasing an additional 2,175 shares in the last quarter. Finally, CWM LLC raised its holdings in SAP by 9.1% in the second quarter. CWM LLC now owns 2,867 shares of the software maker’s stock worth $578,000 after buying an additional 240 shares during the last quarter.

SAP Stock Down 0.6 %

SAP stock opened at $234.47 on Wednesday. The company has a market cap of $288.05 billion, a price-to-earnings ratio of 93.79, a P/E/G ratio of 4.55 and a beta of 1.25. 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 business’s 50-day moving average is $227.60 and its two-hundred day moving average is $209.31. SAP SE has a fifty-two week low of $143.71 and a fifty-two week high of $243.01.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. As a group, analysts forecast that SAP SE will post 4.9 earnings per share for the current year.

Analyst Ratings Changes

SAP has been the subject of several analyst reports. TD Cowen raised their price target on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Barclays lifted their target price on 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 price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. 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 research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $252.33.

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.