ABC Arbitrage SA purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,175 shares of the software maker's stock, valued at approximately $8,414,000. SAP accounts for approximately 1.2% of ABC Arbitrage SA's investment portfolio, making the stock its 20th biggest holding.
Other institutional investors have also recently made changes to their positions in the company. Foster Group Inc. lifted its position in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock valued at $268,000 after buying an additional 45 shares in the last quarter. Wedmont Private Capital grew its position in shares of SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after purchasing an additional 46 shares in the last quarter. Confluence Investment Management LLC raised its stake in SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker's stock valued at $1,065,000 after purchasing an additional 49 shares during the period. PDS Planning Inc grew its holdings in SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker's stock valued at $915,000 after buying an additional 51 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker's stock worth $252,000 after purchasing an additional 52 shares in the last quarter.
Analysts Set New Price Targets
A number of brokerages recently commented on SAP. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $248.83.
Read Our Latest Analysis on SAP
SAP Stock Performance
NYSE:SAP traded down $4.45 during trading hours on Wednesday, hitting $288.23. 1,080,986 shares of the company were exchanged, compared to its average volume of 1,037,024. The company's 50 day moving average price is $263.84 and its 200-day moving average price is $239.93. The stock has a market capitalization of $354.09 billion, a price-to-earnings ratio of 100.43, a PEG ratio of 4.76 and a beta of 1.23. SAP SE has a 52-week low of $174.88 and a 52-week high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.
SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data 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%. As a group, research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.
SAP Profile
(
Free Report)
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.
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