PUREfi Wealth LLC Purchases Shares of 1,922 SAP SE (NYSE:SAP)

PUREfi Wealth LLC purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,922 shares of the software maker's stock, valued at approximately $473,000.

Several other institutional investors have also added to or reduced their stakes in SAP. Godsey & Gibb Inc. purchased a new position in shares of SAP in the 3rd quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP during the fourth quarter worth $27,000. Albion Financial Group UT increased its position in SAP by 122.4% during 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 purchased a new stake in shares of SAP in the third quarter valued at $42,000. Finally, Financial Management Professionals Inc. lifted its holdings in shares of SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker's stock worth $50,000 after acquiring an additional 103 shares during the last quarter.

SAP Stock Down 1.5 %

SAP stock traded down $4.45 during trading on Wednesday, hitting $288.23. 1,080,986 shares of the company's stock traded hands, compared to its average volume of 1,037,024. The firm has a market capitalization of $354.09 billion, a P/E ratio of 100.43, a PEG ratio of 4.76 and a beta of 1.23. SAP SE has a 1 year low of $174.88 and a 1 year high of $293.70. 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 business has a fifty day simple moving average of $263.84 and a two-hundred day simple moving average of $239.93.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 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%. Sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets lifted their price objective on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus 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.