ABC Arbitrage SA Buys New Position in SAP SE $SAP

ABC Arbitrage SA bought a new stake in shares of SAP SE (NYSE:SAP) in the 1st quarter, HoldingsChannel reports. The firm bought 13,467 shares of the software maker’s stock, valued at approximately $2,306,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAP. Sound Income Strategies LLC raised its position in shares of SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 58 shares in the last quarter. Bayban purchased a new position in SAP in the fourth quarter worth $28,000. Community Bank N.A. bought a new position in SAP in the third quarter valued at $32,000. GoalVest Advisory LLC bought a new position in SAP in the fourth quarter valued at $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in SAP by 758.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after purchasing an additional 129 shares in the last quarter.

SAP Trading Up 1.4%

Shares of SAP opened at $160.08 on Tuesday. SAP SE has a 1-year low of $148.06 and a 1-year high of $309.73. The firm has a market capitalization of $196.66 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.81 and a beta of 1.14. The firm’s 50-day moving average price is $168.10 and its 200-day moving average price is $189.61. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11.

SAP (NYSE:SAP) last posted its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The firm had revenue of $11.06 billion for the quarter. Sell-side analysts anticipate that SAP SE will post 8.3 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their target price on SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. BMO Capital Markets reduced their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Santander raised SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings raised SAP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $283.40.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.