WCM Investment Management LLC Acquires Shares of 1,165,548 SAP SE (NYSE:SAP)

WCM Investment Management LLC acquired a new stake in shares of SAP SE (NYSE:SAP) during the fourth quarter, Holdings Channel reports. The firm acquired 1,165,548 shares of the software maker’s stock, valued at approximately $290,023,000.

Other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new stake in SAP during the third quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP in the fourth quarter valued at approximately $27,000. Albion Financial Group UT raised its stake in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of SAP in the third quarter valued at approximately $42,000. Finally, Financial Management Professionals Inc. raised its stake in shares of SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares during the last quarter.

SAP Stock Performance

SAP stock opened at $279.76 on Friday. The business’s fifty day moving average is $258.32 and its 200-day moving average is $235.61. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The company has a market cap of $343.68 billion, a P/E ratio of 97.48, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. SAP SE has a twelve month low of $173.09 and a twelve month high of $283.90.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Barclays lifted their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, 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. Ten investment 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 target price of $248.83.

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.