SAP SE $SAP Shares Acquired by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. grew its holdings in SAP SE (NYSE:SAP) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,841 shares of the software maker’s stock after acquiring an additional 4,013 shares during the period. Cardinal Capital Management Inc.’s holdings in SAP were worth $20,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SAP. Brighton Jones LLC grew its stake in shares of SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after acquiring an additional 1,255 shares in the last quarter. Baird Financial Group Inc. acquired a new position in shares of SAP in the first quarter worth $242,000. AQR Capital Management LLC grew its stake in shares of SAP by 49.0% during the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after purchasing an additional 5,363 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of SAP during the first quarter worth $2,681,000. Finally, Sivia Capital Partners LLC grew its stake in shares of SAP by 2.3% during the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after purchasing an additional 69 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Zacks Research downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Finally, Piper Sandler assumed coverage on shares of SAP in a research note on Tuesday, February 3rd. They set an “overweight” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Price Performance

Shares of SAP opened at $164.39 on Friday. SAP SE has a 1-year low of $160.66 and a 1-year high of $313.28. The stock has a market cap of $201.95 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a fifty day moving average price of $190.29 and a 200 day moving average price of $229.95.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share 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 16.54%. The firm had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the company earned $1.40 earnings per share. SAP’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

About SAP

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.