Lansing Street Advisors Buys New Stake in SAP SE (NYSE:SAP)

Lansing Street Advisors bought a new stake in SAP SE (NYSE:SAP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 979 shares of the software maker’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Centricity Wealth Management LLC purchased a new stake in SAP in the 4th quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP in the 4th quarter valued at approximately $27,000. Albion Financial Group UT lifted its stake 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 purchased a new position in shares of SAP during the 3rd quarter worth $42,000. Finally, Financial Management Professionals Inc. lifted its stake 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 worth $50,000 after purchasing an additional 103 shares during the period.

SAP Trading Down 1.8 %

SAP stock opened at $282.87 on Friday. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The company has a market cap of $347.50 billion, a price-to-earnings ratio of 98.56, a PEG ratio of 4.71 and a beta of 1.23. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $265.88 and a 200-day simple moving average of $241.45.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS 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%. On average, equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.