FDx Advisors Inc. Makes New Investment in SAP SE (NYSE:SAP)

FDx Advisors Inc. acquired a new position in shares of SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,332 shares of the software maker’s stock, valued at approximately $820,000.

Several other large investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of SAP during the 4th quarter valued at $290,023,000. Jennison Associates LLC bought a new stake in shares of SAP during the 4th quarter valued at $47,195,000. International Assets Investment Management LLC bought a new stake in shares of SAP during the 3rd quarter valued at $40,573,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after acquiring an additional 142,270 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have commented on SAP. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets upped their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Barclays upped their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Price Performance

SAP stock opened at $288.08 on Friday. The stock has a 50-day moving average price of $265.30 and a two-hundred day moving average price of $240.60. The stock has a market cap of $353.90 billion, a PE ratio of 100.38, a price-to-earnings-growth ratio of 4.72 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 1 year low of $174.88 and a 1 year high of $293.70.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. Equities analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

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.