R Squared Ltd Makes New $113,000 Investment in SAP SE (NYSE:SAP)

R Squared Ltd bought a new stake in SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 460 shares of the software maker’s stock, valued at approximately $113,000.

Several other hedge funds have also modified their holdings of the stock. Godsey & Gibb Inc. acquired a new stake in SAP in the third quarter valued at approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP during the 4th quarter valued at $27,000. Albion Financial Group UT increased its stake in 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 buying an additional 71 shares during the period. Brooklyn Investment Group acquired a new position in SAP in the 3rd quarter worth $42,000. Finally, Financial Management Professionals Inc. boosted its position in SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after buying an additional 103 shares during the last quarter.

SAP Stock Up 1.0 %

NYSE:SAP opened at $279.47 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $252.13 and a 200-day moving average of $232.02. The firm has a market capitalization of $343.33 billion, a PE ratio of 111.79, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. SAP SE has a 52 week low of $173.05 and a 52 week high of $280.53.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. Analysts predict that SAP SE will post 4.64 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SAP. BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, SAP currently has an average rating of “Buy” and a consensus price target of $248.83.

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.