Wellington Management Group LLP Makes New Investment in SAP SE (NYSE:SAP)

Wellington Management Group LLP acquired a new stake in shares of SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 664,595 shares of the software maker’s stock, valued at approximately $163,630,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after purchasing an additional 403,956 shares in the last quarter. TD Asset Management Inc. increased its position in shares of SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after acquiring an additional 890,157 shares during the period. JPMorgan Chase & Co. raised its stake in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after acquiring an additional 798,037 shares during the last quarter. WCM Investment Management LLC acquired a new stake in SAP during the 4th quarter worth about $290,023,000. Finally, Raymond James Financial Inc. purchased a new stake in SAP during the 4th quarter valued at about $150,668,000.

SAP Stock Performance

SAP opened at $271.36 on Thursday. The stock has a market cap of $333.37 billion, a P/E ratio of 94.55, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a fifty day moving average price of $277.17 and a 200 day moving average price of $252.78. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. BMO Capital Markets raised their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Barclays lifted their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Nine analysts have rated the stock with a buy rating, According to 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.