Cardinal Capital Management Inc. Buys 2,374 Shares of SAP SE $SAP

Cardinal Capital Management Inc. lifted its position in shares of SAP SE (NYSE:SAP) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,828 shares of the software maker’s stock after acquiring an additional 2,374 shares during the period. Cardinal Capital Management Inc.’s holdings in SAP were worth $21,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vermillion Wealth Management Inc. acquired a new position in shares of SAP during the second quarter worth $31,000. Princeton Global Asset Management LLC bought a new stake in shares of SAP during the second quarter valued at approximately $38,000. Motco increased its position in shares of SAP by 400.0% during the second quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Solstein Capital LLC purchased a new stake in SAP in the 2nd quarter valued at $40,000. Finally, Riggs Asset Managment Co. Inc. lifted its position in shares of SAP by 83.8% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock worth $45,000 after buying an additional 67 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SAP. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Argus reaffirmed a “buy” rating and set a $320.00 price objective on shares of SAP in a report on Friday, October 24th. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. BMO Capital Markets lowered their price target on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, Arete Research raised shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, SAP has an average rating of “Buy” and an average target price of $284.33.

SAP Trading Down 0.2%

Shares of SAP stock opened at $244.38 on Tuesday. The company’s 50-day moving average price is $255.42 and its 200-day moving average price is $274.75. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. SAP SE has a 12-month low of $233.51 and a 12-month high of $313.28. The company has a market cap of $300.22 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 3.52 and a beta of 1.19.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. On average, equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal 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.