MIG Capital LLC Acquires Shares of 1,364 SAP SE (NYSE:SAP)

MIG Capital LLC bought a new position in shares of SAP SE (NYSE:SAP) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,364 shares of the software maker’s stock, valued at approximately $336,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its holdings in SAP by 3.0% during the fourth quarter. Quadrant Capital Group LLC now owns 11,162 shares of the software maker’s stock valued at $2,748,000 after purchasing an additional 323 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of SAP by 3.3% during the 4th quarter. Russell Investments Group Ltd. now owns 107,735 shares of the software maker’s stock worth $26,525,000 after purchasing an additional 3,449 shares during the last quarter. Wedbush Securities Inc. lifted its stake in SAP by 25.2% in the 4th quarter. Wedbush Securities Inc. now owns 1,141 shares of the software maker’s stock valued at $281,000 after buying an additional 230 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in SAP by 30.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker’s stock worth $288,583,000 after buying an additional 273,417 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in SAP by 31.5% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 10,117 shares of the software maker’s stock worth $2,491,000 after buying an additional 2,422 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays raised their target price on SAP from $283.00 to $286.00 and gave the company 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 lifted their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, 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. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP currently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Stock Performance

SAP stock opened at $249.38 on Friday. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The stock has a market cap of $306.37 billion, a price-to-earnings ratio of 86.89, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The firm has a 50 day simple moving average of $276.41 and a 200-day simple moving average of $253.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last posted its earnings results 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 net margin of 9.17% and a return on equity of 12.18%. On average, analysts expect that SAP SE will post 6.55 EPS for the current year.

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.