New Republic Capital LLC Raises Position in SAP SE (NYSE:SAP)

New Republic Capital LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 49.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,714 shares of the software maker’s stock after purchasing an additional 569 shares during the period. New Republic Capital LLC’s holdings in SAP were worth $422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAP. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP in the fourth quarter worth approximately $27,000. Albion Financial Group UT increased its stake 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 worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of SAP during the 3rd quarter valued at $42,000. Finally, Prospera Private Wealth LLC bought a new position in SAP in the 3rd quarter worth $47,000.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent analyst reports. Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets increased their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $248.83.

SAP Stock Up 0.4 %

Shares of NYSE SAP opened at $280.76 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a 50-day simple moving average of $258.32 and a two-hundred day simple moving average of $235.94. SAP SE has a 1 year low of $173.09 and a 1 year high of $283.90. The company has a market cap of $344.92 billion, a P/E ratio of 97.83, a PEG ratio of 4.63 and a beta of 1.23.

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 analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Research analysts anticipate that SAP SE will post 6.55 earnings per share 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.