Thoroughbred Financial Services LLC Invests $1.08 Million in SAP SE (NYSE:SAP)

Thoroughbred Financial Services LLC purchased a new position in SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,397 shares of the software maker’s stock, valued at approximately $1,082,000.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in SAP by 24.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 65,732 shares of the software maker’s stock valued at $15,059,000 after purchasing an additional 12,948 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of SAP by 30.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,400 shares of the software maker’s stock worth $3,299,000 after acquiring an additional 3,400 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of SAP by 54.6% in the third quarter. Verition Fund Management LLC now owns 2,363 shares of the software maker’s stock worth $541,000 after acquiring an additional 835 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in SAP in the third quarter valued at about $59,000. Finally, HighTower Advisors LLC grew its stake in SAP by 17.2% during the 3rd quarter. HighTower Advisors LLC now owns 60,498 shares of the software maker’s stock valued at $13,817,000 after purchasing an additional 8,857 shares in the last quarter.

SAP Stock Down 5.7 %

NYSE:SAP opened at $249.38 on Friday. The firm has a market capitalization of $306.37 billion, a PE ratio of 86.89, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. 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 stock has a 50 day moving average of $276.41 and a 200-day moving average of $253.26.

SAP (NYSE:SAP) last issued 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 return on equity of 12.18% and a net margin of 9.17%. Analysts predict that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on SAP shares. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Finally, BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP currently 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.