SAP SE (NYSE:SAP) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. decreased its position in shares of SAP SE (NYSE:SAP) by 20.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,080 shares of the software maker’s stock after selling 800 shares during the quarter. Louisbourg Investments Inc.’s holdings in SAP were worth $758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAP. Godsey & Gibb Inc. acquired a new stake in shares of SAP during the third quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT raised 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 in the last quarter. Brooklyn Investment Group purchased a new position in SAP during the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP during the third quarter valued at approximately $47,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets lifted their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Stock Up 3.0 %

SAP stock opened at $289.13 on Wednesday. The stock has a market capitalization of $355.20 billion, a PE ratio of 100.74, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. SAP SE has a 12 month low of $173.09 and a 12 month high of $289.53. The business has a 50 day simple moving average of $260.01 and a 200-day simple moving average of $236.97. 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) last issued 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%. On average, analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

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.