Fox Run Management L.L.C. Acquires Shares of 1,261 SAP SE (NYSE:SAP)

Fox Run Management L.L.C. bought a new stake in SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,261 shares of the software maker’s stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds have also modified their holdings of SAP. Oppenheimer & Co. Inc. increased its stake in SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after buying an additional 38 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock valued at $538,000 after buying an additional 43 shares during the last quarter. Foster Group Inc. lifted its stake in shares of SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after buying an additional 45 shares in the last quarter. Wedmont Private Capital grew its stake in SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after acquiring an additional 46 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after acquiring an additional 46 shares during the last quarter.

SAP Stock Up 0.1 %

SAP stock opened at $268.16 on Friday. The firm has a market capitalization of $329.43 billion, a P/E ratio of 93.43, a P/E/G ratio of 4.71 and a beta of 1.25. The stock’s fifty day simple moving average is $276.95 and its 200-day simple moving average is $251.09. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. 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 (NYSE:SAP) last posted its quarterly 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 net margin of 9.17% and a return on equity of 12.18%. As a group, equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAP. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays increased their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average 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.