Proficio Capital Partners LLC Takes $2.61 Million Position in SAP SE (NYSE:SAP)

Proficio Capital Partners LLC purchased a new stake in SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 10,587 shares of the software maker's stock, valued at approximately $2,607,000.

Other institutional investors have also made changes to their positions in the company. Centricity Wealth Management LLC bought a new stake in shares of SAP in the 4th quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP in the 4th quarter valued at approximately $27,000. Albion Financial Group UT increased its holdings in shares of SAP by 122.4% in the 4th 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 bought a new stake in shares of SAP in the 3rd quarter valued at approximately $42,000. Finally, Financial Management Professionals Inc. increased 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 valued at $50,000 after acquiring an additional 103 shares during the last quarter.

SAP Stock Performance

Shares of NYSE:SAP traded up $1.00 on Friday, hitting $272.69. The company's stock had a trading volume of 1,275,050 shares, compared to its average volume of 903,694. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a market capitalization of $335.00 billion, a price-to-earnings ratio of 95.01, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The stock's 50-day moving average is $275.63 and its two-hundred day moving average is $249.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

Remove Ads

SAP (NYSE:SAP - Get Free Report) last released its quarterly 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%. On average, equities research analysts forecast that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent research reports. TD Cowen upgraded 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. 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. Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has a consensus rating of "Buy" and an average target price of $248.83.

SAP Company Profile

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.