Cibc World Market Inc. Purchases 15,298 Shares of SAP SE $SAP

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

A number of other large investors also recently modified their holdings of SAP. Fisher Asset Management LLC increased its stake in SAP by 9.0% in the 2nd quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock worth $4,305,242,000 after buying an additional 1,163,616 shares in the last quarter. Bank of America Corp DE raised its stake in SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares during the period. JPMorgan Chase & Co. lifted its holdings in SAP by 7.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,087,751 shares of the software maker’s stock worth $330,786,000 after purchasing an additional 78,306 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in SAP by 9,269.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock worth $112,542,000 after purchasing an additional 416,678 shares during the period. Finally, Sands Capital Management LLC grew its holdings in SAP by 29.8% during the 2nd quarter. Sands Capital Management LLC now owns 289,386 shares of the software maker’s stock valued at $88,002,000 after buying an additional 66,354 shares in the last quarter.

SAP Stock Up 0.4%

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

SAP (NYSE:SAP) last announced its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $9.77 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Ratings Changes

SAP has been the subject of a number of research reports. Citigroup lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of SAP in a report on Friday, January 30th. Santander raised SAP to a “neutral” rating in a research note on Tuesday, February 3rd. Arete Research upgraded SAP to a “strong-buy” rating in a report on Thursday, December 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $375.00 price objective on shares of SAP in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.