IPG Investment Advisors LLC Invests $218,000 in SAP SE (NYSE:SAP)

IPG Investment Advisors LLC acquired a new stake in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 885 shares of the software maker’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Centricity Wealth Management LLC bought a new stake in shares of SAP during the 4th quarter valued at about $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. raised its stake in SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT lifted its position in SAP by 122.4% during the fourth 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 last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in SAP in the 4th quarter worth approximately $42,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SAP shares. BMO Capital Markets lifted 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. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays increased their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Trading Down 0.1 %

Shares of SAP stock opened at $267.83 on Monday. The business has a 50-day moving average of $277.05 and a 200 day moving average of $251.97. 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 SE has a 1-year low of $175.08 and a 1-year high of $293.70. The stock has a market capitalization of $329.03 billion, a PE ratio of 93.32, a P/E/G ratio of 4.71 and a beta of 1.25.

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

SAP Company 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.