Genesis Private Wealth LLC Invests $357,000 in SAP SE (NYSE:SAP)

Genesis Private Wealth LLC bought a new position in SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,449 shares of the software maker’s stock, valued at approximately $357,000.

A number of other hedge funds have also added to or reduced their stakes in SAP. Godsey & Gibb Inc. bought a new position in SAP in the third quarter worth approximately $25,000. Brooklyn Investment Group purchased a new stake in SAP during the third quarter worth $42,000. Prospera Private Wealth LLC purchased a new position in shares of SAP in the 3rd quarter valued at $47,000. Financial Management Professionals Inc. grew its position in shares of SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after buying an additional 103 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of SAP during the fourth quarter worth $54,000.

Analysts Set New Price Targets

Several research firms have weighed in on SAP. Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities upped their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $263.17.

SAP Stock Performance

NYSE:SAP opened at $269.14 on Wednesday. SAP SE has a twelve month low of $161.07 and a twelve month high of $269.29. The company has a market cap of $330.64 billion, a P/E ratio of 107.66, a P/E/G ratio of 3.72 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $246.21 and its 200-day moving average price is $228.71.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the business earned $1.20 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that SAP SE will post 4.66 earnings per share for the current fiscal 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.