817 Shares in SAP SE (NYSE:SAP) Purchased by Eagle Ridge Investment Management

Eagle Ridge Investment Management bought a new position in shares of SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 817 shares of the software maker’s stock, valued at approximately $201,000.

Other hedge funds have also recently bought and sold shares of the company. Godsey & Gibb Inc. acquired a new position in SAP during the third quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP during the fourth quarter worth about $27,000. Albion Financial Group UT grew its holdings in SAP by 122.4% during the fourth 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 period. Brooklyn Investment Group acquired a new position in SAP during the third quarter worth about $42,000. Finally, Prospera Private Wealth LLC acquired a new position in SAP during the third quarter worth about $47,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays lifted 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. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $248.83.

SAP Trading Up 0.0 %

NYSE:SAP opened at $283.20 on Friday. 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 fifty-two week low of $173.09 and a fifty-two week high of $283.86. The stock’s 50-day moving average is $256.46 and its two-hundred day moving average is $234.72. The stock has a market cap of $347.91 billion, a PE ratio of 98.68, a price-to-earnings-growth ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities research analysts forecast that SAP SE will post 6.53 earnings per share for the current fiscal year.

SAP 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.