1,922 Shares in SAP SE (NYSE:SAP) Purchased by PUREfi Wealth LLC

PUREfi Wealth LLC purchased a new position in SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,922 shares of the software maker’s stock, valued at approximately $473,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new position in SAP in the third quarter worth about $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP in the fourth quarter worth about $27,000. Albion Financial Group UT lifted its stake in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new stake in SAP in the third quarter worth about $42,000. Finally, Financial Management Professionals Inc. lifted its stake in SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after purchasing an additional 103 shares during the last quarter.

SAP Stock Performance

Shares of NYSE:SAP opened at $290.49 on Friday. The company has a market capitalization of $356.86 billion, a price-to-earnings ratio of 101.21, a price-to-earnings-growth ratio of 4.63 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 quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $261.52 and a 200 day moving average of $237.74.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on SAP shares. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. TD Cowen raised shares of 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 note on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has an average rating of “Buy” and a consensus target price of $248.83.

SAP 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.