New Republic Capital LLC Grows Position in SAP SE (NYSE:SAP)

New Republic Capital LLC grew its holdings in SAP SE (NYSE:SAP) by 49.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,714 shares of the software maker’s stock after purchasing an additional 569 shares during the quarter. New Republic Capital LLC’s holdings in SAP were worth $422,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SAP. Godsey & Gibb Inc. purchased a new position in shares of SAP in the 3rd quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the fourth quarter worth $27,000. Albion Financial Group UT lifted 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 valued at $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of SAP in the 3rd quarter worth $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP during the 3rd quarter worth $47,000.

SAP Trading Up 0.4 %

Shares of SAP stock opened at $280.76 on Tuesday. SAP SE has a twelve month low of $173.09 and a twelve month high of $283.90. The firm’s 50-day moving average price is $258.32 and its 200 day moving average price is $235.94. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $344.92 billion, a PE ratio of 97.83, a P/E/G ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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 fiscal year.

Analysts Set New Price Targets

SAP has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities raised their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $248.83.

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.