Polymer Capital Management HK LTD Takes Position in SAP SE (NYSE:SAP)

Polymer Capital Management HK LTD purchased a new position in SAP SE (NYSE:SAP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,800 shares of the software maker’s stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oppenheimer & Co. Inc. increased its holdings in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after buying an additional 38 shares during the period. Lindbrook Capital LLC increased its stake in SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock valued at $538,000 after acquiring an additional 43 shares during the last quarter. Foster Group Inc. raised its position in SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after purchasing an additional 45 shares in the last quarter. Wedmont Private Capital boosted its holdings in shares of SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares in the last quarter. Finally, Addison Advisors LLC increased its stake in shares of SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after purchasing an additional 46 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SAP. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their price target on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has an average rating of “Buy” and an average price target of $248.83.

SAP Trading Down 5.7 %

Shares of NYSE SAP opened at $249.38 on Monday. The firm has a 50 day moving average price of $276.41 and a two-hundred day moving average price of $253.48. The stock has a market cap of $306.37 billion, a P/E ratio of 86.89, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, 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.