SAP SE (NYSE:SAP) Stock Holdings Increased by Pitcairn Co.

Pitcairn Co. grew its position in shares of SAP SE (NYSE:SAP) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,588 shares of the software maker’s stock after buying an additional 252 shares during the period. Pitcairn Co.’s holdings in SAP were worth $3,099,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SAP. Centricity Wealth Management LLC bought a new position in SAP during the fourth quarter worth $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP in the 4th quarter valued at about $27,000. Rakuten Securities Inc. boosted its stake in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT grew its position in SAP by 122.4% in 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 during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of SAP during the fourth quarter valued at approximately $42,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Price Performance

NYSE SAP opened at $271.36 on Thursday. The company has a market cap of $333.37 billion, a P/E ratio of 94.55, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a fifty day simple moving average of $277.17 and a 200 day simple moving average of $252.78. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last released 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 return on equity of 12.18% and a net margin of 9.17%. On average, sell-side analysts predict that SAP SE will post 6.55 EPS for the current 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.