SAP SE (NYSE:SAP) Holdings Cut by Cardinal Capital Management

Cardinal Capital Management reduced its stake in shares of SAP SE (NYSE:SAP) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,443 shares of the software maker’s stock after selling 292 shares during the period. Cardinal Capital Management’s holdings in SAP were worth $6,757,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SAP. FMR LLC increased its position in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC acquired a new position in SAP in the fourth quarter worth approximately $290,023,000. Jennison Associates LLC acquired a new position in SAP in the fourth quarter worth approximately $47,195,000. International Assets Investment Management LLC bought a new position in SAP during the third quarter valued at approximately $40,573,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after acquiring an additional 142,270 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SAP shares. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Down 1.1 %

SAP opened at $290.49 on Tuesday. SAP SE has a 1-year low of $174.88 and a 1-year high of $293.70. The business has a 50 day moving average of $262.25 and a 200-day moving average of $238.71. The stock has a market capitalization of $356.86 billion, a price-to-earnings ratio of 101.21, a P/E/G ratio of 4.63 and a beta of 1.23. 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 (NYSE:SAP) last released its earnings results 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 net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

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.