iA Global Asset Management Inc. Acquires Shares of 31,840 SAP SE (NYSE:SAP)

iA Global Asset Management Inc. acquired a new stake in SAP SE (NYSE:SAP) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 31,840 shares of the software maker’s stock, valued at approximately $7,839,000.

A number of other hedge funds also recently bought and sold shares of SAP. Centricity Wealth Management LLC acquired a new stake in SAP in the 4th quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP in the 4th quarter valued at about $27,000. Rakuten Securities Inc. raised its holdings in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after acquiring an additional 108 shares during the last quarter. Albion Financial Group UT raised its holdings in SAP by 122.4% in 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. Finally, Brooklyn Investment Group acquired a new stake in SAP in the 3rd quarter valued at about $42,000.

SAP Stock Up 0.1 %

SAP stock opened at $271.74 on Friday. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a 50 day moving average price of $275.21 and a 200 day moving average price of $249.08. The company has a market capitalization of $333.84 billion, a PE ratio of 94.68, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last posted 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 net margin of 9.17% and a return on equity of 12.18%. Research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on SAP shares. BMO Capital Markets increased their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Barclays raised their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, TD Cowen upgraded shares of 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 report on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target 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.