Cibc World Market Inc. Grows Holdings in SAP SE $SAP

Cibc World Market Inc. lifted its stake in SAP SE (NYSE:SAP) by 75.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,462 shares of the software maker’s stock after purchasing an additional 15,298 shares during the period. Cibc World Market Inc.’s holdings in SAP were worth $9,476,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in shares of SAP by 9.0% during the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock worth $4,305,242,000 after acquiring an additional 1,163,616 shares during the period. Bank of America Corp DE lifted its holdings in shares of SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after buying an additional 973,779 shares during the period. Thrivent Financial for Lutherans grew its position in shares of SAP by 9,269.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock worth $112,542,000 after buying an additional 416,678 shares in the last quarter. Trivest Advisors Ltd purchased a new stake in SAP in the second quarter worth about $52,305,000. Finally, Jennison Associates LLC grew its holdings in SAP by 195.0% during the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after acquiring an additional 146,325 shares in the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $204.65 on Friday. The company has a 50 day moving average price of $231.83 and a 200 day moving average price of $253.68. The firm has a market capitalization of $251.41 billion, a P/E ratio of 29.03, a PEG ratio of 2.26 and a beta of 1.17. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. SAP SE has a 52 week low of $189.22 and a 52 week high of $313.28.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.52%. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the business posted $1.40 EPS. SAP’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts expect that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the topic of several research reports. Barclays set a $283.00 price objective on shares of SAP in a report on Monday, February 2nd. BMO Capital Markets restated an “outperform” rating on shares of SAP in a research note on Friday, January 30th. Santander upgraded SAP to a “neutral” rating in a research note on Tuesday, February 3rd. HSBC raised shares of SAP to a “hold” rating in a research report on Tuesday, January 20th. Finally, Zacks Research upgraded shares of SAP from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.