Catalina Capital Group LLC Takes $204,000 Position in SAP SE (NYSE:SAP)

Catalina Capital Group LLC bought a new stake in shares of SAP SE (NYSE:SAP) in the fourth quarter, Holdings Channel reports. The institutional investor bought 829 shares of the software maker’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP during the 4th quarter valued at approximately $27,000. Albion Financial Group UT boosted its position 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 valued at $32,000 after acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of SAP during the 3rd quarter valued at approximately $42,000. Finally, Financial Management Professionals Inc. boosted its position in shares of SAP by 104.0% during the 4th 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 last quarter.

Wall Street Analyst Weigh In

SAP has been the subject of a number of research reports. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets raised their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $248.83.

SAP Stock Up 2.0 %

NYSE:SAP opened at $278.07 on Wednesday. SAP SE has a twelve month low of $173.09 and a twelve month high of $280.53. The company has a market cap of $341.61 billion, a price-to-earnings ratio of 96.89, a price-to-earnings-growth ratio of 4.53 and a beta of 1.23. The stock has a fifty day simple moving average of $254.57 and a 200-day simple moving average of $233.81. 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 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 return on equity of 12.18% and a net margin of 9.17%. Analysts anticipate that SAP SE will post 6.53 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.