IPG Investment Advisors LLC Acquires Shares of 885 SAP SE (NYSE:SAP)

IPG Investment Advisors LLC acquired a new position in shares of SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 885 shares of the software maker’s stock, valued at approximately $218,000.

Other institutional investors have also recently made changes to their positions in the company. WCM Investment Management LLC bought a new stake in SAP in the 4th quarter worth about $290,023,000. TD Asset Management Inc. increased its position in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after acquiring an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after acquiring an additional 798,037 shares during the period. Raymond James Financial Inc. purchased a new position in SAP in the fourth quarter worth $150,668,000. Finally, Fisher Asset Management LLC grew its stake in SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after purchasing an additional 403,956 shares during the period.

SAP Stock Performance

Shares of SAP stock opened at $267.83 on Monday. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The stock has a market capitalization of $329.03 billion, a P/E ratio of 93.32, a PEG ratio of 4.71 and a beta of 1.25. 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 firm’s 50 day moving average is $277.05 and its 200 day moving average is $251.97.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SAP shares. 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 note on Wednesday, January 29th. Barclays lifted their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. TD Cowen raised shares of 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 report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $248.83.

SAP Company 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.