34,175 Shares in SAP SE (NYSE:SAP) Acquired by ABC Arbitrage SA

ABC Arbitrage SA bought a new position in shares of SAP SE (NYSE:SAP) in the 4th quarter, Holdings Channel reports. The institutional investor bought 34,175 shares of the software maker’s stock, valued at approximately $8,414,000. SAP accounts for about 1.2% of ABC Arbitrage SA’s holdings, making the stock its 20th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Godsey & Gibb Inc. acquired a new stake in SAP in the third quarter valued at about $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP during the 4th quarter valued at approximately $27,000. Albion Financial Group UT increased its position in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new stake in SAP in the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of SAP during the third quarter worth $47,000.

Analysts Set New Price Targets

SAP has been the topic of several recent research reports. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities lifted their target price on shares of 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 restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, BMO Capital Markets lifted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Trading Down 1.1 %

SAP opened at $290.49 on Friday. SAP SE has a twelve month low of $174.88 and a twelve month high of $293.70. The company has a fifty day moving average of $261.52 and a 200-day moving average of $237.74. The stock has a market cap of $356.86 billion, a PE ratio of 101.21, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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, sell-side analysts predict that SAP SE will post 6.55 EPS for the current year.

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.