R Squared Ltd Makes New $113,000 Investment in SAP SE (NYSE:SAP)

R Squared Ltd purchased a new stake in shares of SAP SE (NYSE:SAP) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 460 shares of the software maker’s stock, valued at approximately $113,000.

Several other institutional investors have also modified their holdings of SAP. FMR LLC raised its holdings in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of SAP in the third quarter valued at $40,573,000. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 worth $37,648,000 after buying an additional 142,270 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of SAP in the 3rd quarter worth about $17,376,000. Finally, Sanctuary Advisors LLC acquired a new stake in SAP in the 2nd quarter valued at about $9,361,000.

SAP Price Performance

SAP stock opened at $279.47 on Friday. SAP SE has a 1 year low of $173.05 and a 1 year high of $280.53. 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 firm has a 50 day moving average price of $252.13 and a 200 day moving average price of $232.02. The company has a market cap of $343.33 billion, a price-to-earnings ratio of 111.79, a PEG ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. Sell-side analysts predict that SAP SE will post 4.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAP. Barclays lifted their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities lifted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $248.83.

About SAP

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.