Proficio Capital Partners LLC Buys New Position in SAP SE (NYSE:SAP)

Proficio Capital Partners LLC purchased a new stake in SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,587 shares of the software maker’s stock, valued at approximately $2,607,000.

Other institutional investors have also added to or reduced their stakes in the company. Centricity Wealth Management LLC purchased a new position in shares of SAP during the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP in the 4th quarter worth approximately $27,000. Albion Financial Group UT lifted its stake 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 purchasing an additional 71 shares during the period. Brooklyn Investment Group bought a new stake in shares of 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 $47,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JMP Securities upped 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. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Barclays lifted their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $248.83.

SAP Trading Up 0.4 %

SAP stock opened at $270.75 on Wednesday. SAP SE has a one year low of $175.08 and a one year high of $293.70. The business’s fifty day moving average is $274.50 and its 200 day moving average is $248.77. The stock has a market capitalization of $332.62 billion, a PE ratio of 94.34, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. 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 announced its quarterly earnings results 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 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.