ABC Arbitrage SA Makes New $8.41 Million Investment in SAP SE (NYSE:SAP)

ABC Arbitrage SA bought a new stake in SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,175 shares of the software maker’s stock, valued at approximately $8,414,000. SAP makes up 1.2% of ABC Arbitrage SA’s portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in shares of SAP in the 3rd quarter valued at about $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 raised its stake 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 purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of SAP in the 3rd quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC bought a new position in shares of SAP in the third quarter valued at $47,000.

Wall Street Analyst Weigh In

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

SAP Stock Down 1.1 %

SAP opened at $290.49 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a fifty day moving average of $261.52 and a 200-day moving average of $237.74. SAP SE has a fifty-two week low of $174.88 and a fifty-two week high of $293.70. The company has a market capitalization of $356.86 billion, a P/E ratio of 101.21, a P/E/G ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last posted its quarterly earnings data 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%. On average, equities analysts expect 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.