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

Cardinal Capital Management Inc. grew its holdings in SAP SE (NYSE:SAP) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,809 shares of the software maker’s stock after purchasing 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.

A number of other institutional investors have also recently made changes to their positions in SAP. Avior Wealth Management LLC grew its stake in shares of SAP by 37.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,606 shares of the software maker’s stock worth $395,000 after acquiring an additional 436 shares in the last quarter. 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 valued at $32,000 after purchasing an additional 71 shares during the period. Dakota Wealth Management acquired a new position in SAP during the 4th quarter worth $795,000. Genesis Private Wealth LLC acquired a new stake in SAP in the 4th quarter valued at about $357,000. Finally, Simon Quick Advisors LLC raised its position in SAP by 16.8% in the 4th quarter. Simon Quick Advisors LLC now owns 1,697 shares of the software maker’s stock valued at $418,000 after purchasing an additional 244 shares in the last quarter.

SAP Stock Performance

NYSE SAP opened at $272.91 on Thursday. The stock has a market capitalization of $335.27 billion, a price-to-earnings ratio of 109.16, a PEG ratio of 3.82 and a beta of 1.22. The business’s 50 day moving average is $247.76 and its two-hundred day moving average is $229.46. SAP SE has a 12-month low of $161.07 and a 12-month high of $275.10. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts expect that SAP SE will post 4.66 EPS for the current year.

Analyst Ratings Changes

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

SAP 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.