Fiduciary Family Office LLC Takes $209,000 Position in SAP SE (NYSE:SAP)

Fiduciary Family Office LLC purchased a new position in shares of SAP SE (NYSE:SAP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,071 shares of the software maker’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAP. Capital International Investors boosted its stake in shares of SAP by 8.1% in the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after purchasing an additional 746,386 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of SAP by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after acquiring an additional 26,031 shares in the last quarter. Principal Financial Group Inc. grew its stake in SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after purchasing an additional 108,729 shares in the last quarter. Natixis Advisors L.P. increased its holdings in SAP by 8.3% during the 4th quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock worth $62,566,000 after purchasing an additional 31,135 shares during the last quarter. Finally, Brandes Investment Partners LP raised its position in shares of SAP by 49.7% in the 4th quarter. Brandes Investment Partners LP now owns 300,129 shares of the software maker’s stock valued at $46,397,000 after purchasing an additional 99,652 shares in the last quarter.

SAP Stock Performance

NYSE:SAP traded down $1.60 during midday trading on Monday, reaching $203.51. 493,661 shares of the company traded hands, compared to its average volume of 760,036. The company has a fifty day moving average price of $193.55 and a 200 day moving average price of $184.03. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP SE has a twelve month low of $126.75 and a twelve month high of $206.34.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). SAP had a return on equity of 9.79% and a net margin of 15.76%. The company had revenue of $8.73 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Sell-side analysts anticipate that SAP SE will post 4.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the subject of a number of research analyst reports. Barclays dropped their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Sanford C. Bernstein initiated coverage on SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target for the company. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. BMO Capital Markets upgraded SAP from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $218.00 to $237.00 in a research report on Friday, June 28th. Finally, JMP Securities raised their price objective on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.20.

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.