Portfolio Design Labs LLC Takes Position in SAP SE (NYSE:SAP)

Portfolio Design Labs LLC bought a new stake in shares of SAP SE (NYSE:SAP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,331 shares of the software maker’s stock, valued at approximately $328,000.

Other institutional investors have also recently modified their holdings of the company. Foster Group Inc. lifted its position in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after buying an additional 45 shares during the last quarter. Wedmont Private Capital lifted its position in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after buying an additional 46 shares during the last quarter. Confluence Investment Management LLC lifted its position in shares of SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after buying an additional 49 shares during the last quarter. PDS Planning Inc lifted its position in shares of SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after buying an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after buying an additional 52 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on SAP. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Ten investment 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 Price Performance

Shares of SAP opened at $291.06 on Thursday. The stock has a market cap of $357.57 billion, a PE ratio of 101.41, a PEG ratio of 4.63 and a beta of 1.23. The business has a 50-day simple moving average of $260.01 and a two-hundred day simple moving average of $236.97. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 12-month low of $173.09 and a 12-month high of $292.30.

SAP (NYSE:SAP) last issued its quarterly 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 net margin of 9.17% and a return on equity of 12.18%. Analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

About SAP

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.