Channel Wealth LLC Invests $202,000 in SAP SE (NYSE:SAP)

Channel Wealth LLC bought a new stake in shares of SAP SE (NYSE:SAP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 819 shares of the software maker’s stock, valued at approximately $202,000.

Several other institutional investors also recently added to or reduced their stakes in SAP. Godsey & Gibb Inc. acquired a new stake in SAP in the 3rd quarter worth $25,000. Brooklyn Investment Group bought a new stake in shares of SAP during the third quarter valued at approximately $42,000. Prospera Private Wealth LLC acquired a new position in shares of SAP in the third quarter valued at $47,000. Versant Capital Management Inc acquired a new stake in SAP during the fourth quarter worth $54,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SAP during the 3rd quarter valued at about $59,000.

SAP Stock Up 0.0 %

Shares of NYSE SAP opened at $261.79 on Friday. The firm has a 50 day moving average price of $244.74 and a 200 day moving average price of $227.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $321.61 billion, a P/E ratio of 104.72, a P/E/G ratio of 3.56 and a beta of 1.22. SAP SE has a 52-week low of $155.82 and a 52-week high of $262.87.

SAP (NYSE:SAP) last issued its quarterly earnings data 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 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 analyst estimates of $9.25 billion. During the same period in the previous year, the business posted $1.20 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts expect that SAP SE will post 4.66 EPS for the current year.

Analyst Ratings Changes

SAP has been the subject of a number of analyst reports. Barclays raised their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets upped their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities boosted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the stock from $240.00 to $305.00 in a research report on Friday. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $263.17.

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.