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

Cidel Asset Management Inc. boosted its holdings in SAP SE (NYSE:SAP) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,243 shares of the software maker’s stock after buying an additional 588 shares during the period. SAP accounts for approximately 1.8% of Cidel Asset Management Inc.’s holdings, making the stock its 16th largest holding. Cidel Asset Management Inc.’s holdings in SAP were worth $26,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the third quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP in the 4th quarter valued at $27,000. Albion Financial Group UT grew its stake in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after buying an additional 71 shares during the period. Brooklyn Investment Group acquired a new stake in shares of SAP during the 3rd quarter worth $42,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of SAP in the 3rd quarter worth $47,000.

Analyst Upgrades and Downgrades

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

SAP Price Performance

SAP opened at $279.76 on Friday. SAP SE has a twelve month low of $173.09 and a twelve month high of $283.90. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a market cap of $343.68 billion, a price-to-earnings ratio of 97.48, a PEG ratio of 4.63 and a beta of 1.23. The company has a fifty day simple moving average of $257.48 and a 200 day simple moving average of $235.06.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts expect that SAP SE will post 6.55 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.