Polymer Capital Management HK LTD Makes New Investment in SAP SE (NYSE:SAP)

Polymer Capital Management HK LTD purchased a new position in shares of SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,800 shares of the software maker’s stock, valued at approximately $443,000.

Other large investors also recently modified their holdings of the company. Centricity Wealth Management LLC bought a new position in shares of SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the fourth quarter valued at about $27,000. Rakuten Securities Inc. increased its holdings in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares during the last quarter. Albion Financial Group UT raised its position in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in SAP in the fourth quarter valued at about $42,000.

SAP Price Performance

Shares of NYSE:SAP opened at $249.38 on Monday. The company has a 50 day moving average of $276.41 and a 200 day moving average of $253.48. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The stock has a market cap of $306.37 billion, a P/E ratio of 86.89, a P/E/G ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last posted its quarterly earnings data 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 net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JMP Securities lifted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Barclays boosted their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets increased their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.