Berbice Capital Management LLC Invests $86,000 in SAP SE (NYSE:SAP)

Berbice Capital Management LLC acquired a new position in shares of SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 350 shares of the software maker’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter worth about $25,000. Albion Financial Group UT increased its holdings in shares of SAP by 122.4% during 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 period. Brooklyn Investment Group bought a new stake in SAP in the third quarter valued at about $42,000. Prospera Private Wealth LLC bought a new stake in SAP in the third quarter valued at about $47,000. Finally, Financial Management Professionals Inc. increased its stake in SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SAP. BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays upped their target price on shares of SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has an average rating of “Buy” and a consensus price target of $264.50.

SAP Price Performance

Shares of SAP stock opened at $275.86 on Friday. SAP SE has a 1 year low of $172.32 and a 1 year high of $275.73. The firm’s 50 day moving average is $247.76 and its 200-day moving average is $229.46. The firm has a market capitalization of $338.90 billion, a price-to-earnings ratio of 110.18, a PEG ratio of 3.89 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.

SAP (NYSE:SAP) last announced its 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 company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts forecast that SAP SE will post 4.64 EPS 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.