SAP SE (NYSE:SAP) Shares Acquired by Cidel Asset Management Inc.

Cidel Asset Management Inc. increased its position in SAP SE (NYSE:SAP) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,243 shares of the software maker’s stock after purchasing an additional 588 shares during the period. SAP accounts for about 1.8% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Cidel Asset Management Inc.’s holdings in SAP were worth $26,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Godsey & Gibb Inc. acquired a new position in shares of SAP in the 3rd quarter worth approximately $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the fourth quarter worth $27,000. Albion Financial Group UT boosted its holdings 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 purchasing an additional 71 shares during the period. Brooklyn Investment Group bought a new stake in SAP during the third quarter valued at $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of SAP during the third quarter worth $47,000.

SAP Trading Down 1.2 %

Shares of SAP stock opened at $279.76 on Friday. SAP SE has a 1 year low of $173.09 and a 1 year high of $283.90. The firm has a market capitalization of $343.68 billion, a PE ratio of 97.48, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The stock has a fifty day moving average of $257.48 and a two-hundred day moving average of $235.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last posted its quarterly earnings data 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%. As a group, research analysts expect that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SAP. Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has a consensus rating of “Buy” and a consensus target price 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.