Callan Family Office LLC Takes Position in SAP SE (NYSE:SAP)

Callan Family Office LLC purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,469 shares of the software maker's stock, valued at approximately $2,085,000.

Other hedge funds have also bought and sold shares of the company. Holocene Advisors LP bought a new stake in SAP during the third quarter valued at about $10,869,000. Atomi Financial Group Inc. boosted its stake in shares of SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock worth $3,074,000 after acquiring an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock worth $4,030,000 after acquiring an additional 11,057 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock worth $125,654,000 after acquiring an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in shares of SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker's stock worth $2,048,000 after acquiring an additional 8,380 shares during the period.

SAP Price Performance

Shares of NYSE:SAP traded down $2.91 during mid-day trading on Friday, reaching $276.43. The stock had a trading volume of 2,688,091 shares, compared to its average volume of 870,294. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $272.04 and its 200 day moving average price is $246.32. The company has a market cap of $339.60 billion, a P/E ratio of 96.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

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SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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%. Research analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. JMP Securities upped 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. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and upped their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Barclays boosted 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. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently 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.