Cardinal Capital Management Inc. decreased its stake in SAP SE (NYSE:SAP) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,803 shares of the software maker’s stock after selling 1,125 shares during the period. Cardinal Capital Management Inc.’s holdings in SAP were worth $4,951,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. We Are One Seven LLC acquired a new stake in shares of SAP in the fourth quarter worth $114,000. Icon Wealth Partners LLC boosted its stake in SAP by 35.2% during the first quarter. Icon Wealth Partners LLC now owns 1,796 shares of the software maker’s stock worth $189,000 after buying an additional 468 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in SAP by 11,404.8% during the first quarter. Summit Trail Advisors LLC now owns 190,750 shares of the software maker’s stock worth $191,000 after buying an additional 189,092 shares in the last quarter. Avestar Capital LLC acquired a new stake in SAP during the fourth quarter worth $196,000. Finally, Commerce Bank acquired a new stake in SAP during the fourth quarter worth $200,000. Institutional investors and hedge funds own 10.78% of the company’s stock.
A number of research firms have weighed in on SAP. DZ Bank reiterated a “buy” rating on shares of SAP in a research note on Wednesday, June 27th. Zacks Investment Research downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. ValuEngine downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. Evercore ISI upgraded shares of SAP from an “in-line” rating to an “outperform” rating in a research note on Monday, March 12th. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a price target on shares of SAP in a research note on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $113.30.
Shares of NYSE SAP traded up $1.10 during midday trading on Thursday, reaching $116.28. 25,068 shares of the company traded hands, compared to its average volume of 968,042. The stock has a market cap of $141.50 billion, a PE ratio of 27.14, a PEG ratio of 3.48 and a beta of 1.15. SAP SE has a 12 month low of $99.20 and a 12 month high of $121.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.32 and a current ratio of 1.32.
SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, April 24th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.25. The company had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.30 billion. SAP had a return on equity of 18.33% and a net margin of 18.00%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $0.73 earnings per share. analysts predict that SAP SE will post 4.59 earnings per share for the current year.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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