Cardinal Capital Management Inc. Raises Stock Holdings in SAP SE (NYSE:SAP)

Cardinal Capital Management Inc. increased its stake in shares of SAP SE (NYSE:SAP) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 109,809 shares of the software maker’s stock after buying an additional 204 shares during the quarter. Cardinal Capital Management Inc.’s holdings in SAP were worth $27,036,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SAP. Godsey & Gibb Inc. purchased a new stake in SAP in the third quarter valued at approximately $25,000. Albion Financial Group UT raised its position in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the period. Brooklyn Investment Group acquired a new position in SAP in the third quarter valued at $42,000. Prospera Private Wealth LLC purchased a new stake in SAP during the third quarter valued at about $47,000. Finally, Financial Management Professionals Inc. raised its holdings in shares of SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after purchasing an additional 103 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. JMP Securities raised their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Barclays increased their target price on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $264.50.

SAP Trading Up 1.3 %

Shares of SAP opened at $272.91 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a one year low of $161.07 and a one year high of $275.10. The stock has a 50-day moving average price of $247.76 and a 200 day moving average price of $229.46. The company has a market capitalization of $335.27 billion, a P/E ratio of 109.16, a P/E/G ratio of 3.82 and a beta of 1.22.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period in the previous year, the business posted $1.20 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that SAP SE will post 4.66 EPS for the current fiscal year.

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.