Thoroughbred Financial Services LLC Acquires New Shares in SAP SE (NYSE:SAP)

Thoroughbred Financial Services LLC bought a new stake in SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,397 shares of the software maker’s stock, valued at approximately $1,082,000.

Other hedge funds have also made changes to their positions in the company. Centricity Wealth Management LLC purchased a new position in SAP during the 4th quarter valued at about $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. raised its position in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after purchasing an additional 108 shares during the last quarter. Albion Financial Group UT lifted its stake in 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 buying an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in SAP during the 4th quarter valued at $42,000.

SAP Trading Down 5.7 %

SAP stock opened at $249.38 on Friday. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The company has a market cap of $306.37 billion, a price-to-earnings ratio of 86.89, a PEG ratio of 4.71 and a beta of 1.28. 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 business has a fifty day simple moving average of $276.41 and a 200-day simple moving average of $253.26.

SAP (NYSE:SAP) last released 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, equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

SAP has been the topic of several recent research reports. BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. 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. Barclays boosted their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. JMP Securities raised 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. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price 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.