Portfolio Design Labs LLC Takes Position in SAP SE (NYSE:SAP)

Portfolio Design Labs LLC bought a new stake in SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,331 shares of the software maker’s stock, valued at approximately $328,000.

Several other hedge funds have also bought and sold shares of SAP. Godsey & Gibb Inc. bought a new stake in SAP in the third quarter valued at approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the 4th quarter worth approximately $27,000. Albion Financial Group UT increased its holdings in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of SAP during the 3rd quarter worth approximately $42,000. Finally, Financial Management Professionals Inc. increased its holdings in shares of SAP by 104.0% during the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after acquiring an additional 103 shares during the last quarter.

Wall Street Analyst Weigh In

SAP has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. JMP Securities boosted their target price on 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 raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays boosted their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $248.83.

SAP Stock Performance

Shares of NYSE SAP opened at $291.06 on Thursday. 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 stock’s fifty day moving average price is $260.01 and its two-hundred day moving average price is $236.97. SAP SE has a one year low of $173.09 and a one year high of $292.30. The firm has a market cap of $357.57 billion, a price-to-earnings ratio of 101.41, a P/E/G ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last issued 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 net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts forecast that SAP SE will post 6.55 EPS 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.