Union Bancaire Privee UBP SA Buys New Stake in SAP SE (NYSE:SAP)

Union Bancaire Privee UBP SA purchased a new position in shares of SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 110 shares of the software maker’s stock, valued at approximately $27,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Centricity Wealth Management LLC bought a new position in SAP in the 4th quarter valued at about $25,000. Albion Financial Group UT boosted its holdings in shares of SAP by 122.4% in 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 bought a new position in shares of SAP in the third quarter valued at approximately $42,000. Prospera Private Wealth LLC bought a new position in shares of SAP in the third quarter valued at approximately $47,000. Finally, Financial Management Professionals Inc. boosted its stake in SAP by 104.0% during the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after purchasing an additional 103 shares in the last quarter.

SAP Stock Up 0.8 %

SAP stock opened at $286.94 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a fifty day simple moving average of $267.23 and a 200 day simple moving average of $242.84. The firm has a market cap of $352.51 billion, a PE ratio of 99.98, a PEG ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

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