Commerce Bank acquired a new position in shares of SAP SE (NYSE:SAP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,784 shares of the software maker’s stock, valued at approximately $200,000.
Other institutional investors also recently bought and sold shares of the company. Icon Advisers Inc. Co. purchased a new position in SAP during the third quarter worth $1,502,000. River Road Asset Management LLC acquired a new stake in shares of SAP during the third quarter worth $255,000. Capital One National Association boosted its holdings in shares of SAP by 16.1% during the fourth quarter. Capital One National Association now owns 6,468 shares of the software maker’s stock worth $727,000 after purchasing an additional 895 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of SAP by 8.2% during the third quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock worth $121,363,000 after purchasing an additional 83,601 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of SAP during the fourth quarter worth $404,000. 10.28% of the stock is owned by institutional investors.
Shares of SAP SE (NYSE:SAP) traded up $0.39 during midday trading on Wednesday, hitting $108.01. The stock had a trading volume of 439,129 shares, compared to its average volume of 1,242,224. The firm has a market capitalization of $133,882.38, a P/E ratio of 27.88, a PEG ratio of 2.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.17. SAP SE has a fifty-two week low of $94.87 and a fifty-two week high of $116.90.
SAP (NYSE:SAP) last released its earnings results on Tuesday, January 30th. The software maker reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.33. The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.99 billion. SAP had a return on equity of 17.33% and a net margin of 17.38%. equities research analysts forecast that SAP SE will post 4.33 earnings per share for the current year.
A number of research analysts recently weighed in on SAP shares. Zacks Investment Research cut SAP from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley lowered SAP from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 11th. Citigroup reissued a “buy” rating on shares of SAP in a research report on Friday, March 2nd. Oppenheimer reissued a “buy” rating and issued a $120.00 price objective on shares of SAP in a research report on Tuesday, November 14th. Finally, Desjardins raised SAP to a “buy” rating and set a $49.00 target price on the stock in a research report on Thursday, December 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $104.00.
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SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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