Compass Wealth Management LLC Invests $1.29 Million in SAP SE $SAP

Compass Wealth Management LLC acquired a new stake in shares of SAP SE (NYSE:SAP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,820 shares of the software maker’s stock, valued at approximately $1,288,000.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in SAP by 59.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock worth $10,353,000 after buying an additional 12,637 shares during the last quarter. Cidel Asset Management Inc. increased its stake in shares of SAP by 20.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 127,005 shares of the software maker’s stock worth $38,622,000 after acquiring an additional 21,372 shares during the last quarter. AMF Tjanstepension AB raised its holdings in shares of SAP by 118.9% during the 3rd quarter. AMF Tjanstepension AB now owns 115,679 shares of the software maker’s stock worth $30,911,000 after acquiring an additional 62,842 shares during the period. JARISLOWSKY FRASER Ltd boosted its position in shares of SAP by 14.2% during the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 165,093 shares of the software maker’s stock valued at $44,114,000 after acquiring an additional 20,512 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of SAP by 12.4% in the second quarter. US Bancorp DE now owns 151,738 shares of the software maker’s stock valued at $46,144,000 after purchasing an additional 16,726 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SAP shares. KeyCorp reaffirmed an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Friday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $375.00 price objective on shares of SAP in a research report on Thursday, October 23rd. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SAP in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $280.20.

SAP Stock Up 3.7%

Shares of NYSE SAP opened at $239.65 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $240.92 and its two-hundred day moving average is $262.00. SAP SE has a 52-week low of $220.89 and a 52-week high of $313.28. The firm has a market cap of $283.87 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 2.75 and a beta of 1.18.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.