Cardinal Capital Management boosted its stake in shares of SAP SE (NYSE:SAP) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,724 shares of the company’s stock after buying an additional 571 shares during the period. Cardinal Capital Management’s holdings in SAP SE were worth $1,780,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in SAP. Royal Bank of Canada raised its stake in shares of SAP SE by 1.6% in the first quarter. Royal Bank of Canada now owns 556,270 shares of the company’s stock valued at $44,735,000 after buying an additional 8,906 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of SAP SE by 132.4% in the first quarter. UBS Asset Management Americas Inc. now owns 88,012 shares of the company’s stock valued at $7,078,000 after buying an additional 50,133 shares in the last quarter. Glovista Investments LLC purchased a new stake in shares of SAP SE during the first quarter valued at $447,000. Envestnet Asset Management Inc. raised its stake in shares of SAP SE by 6.2% in the first quarter. Envestnet Asset Management Inc. now owns 296,485 shares of the company’s stock valued at $23,843,000 after buying an additional 17,193 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in shares of SAP SE during the second quarter valued at $285,000. 3.51% of the stock is owned by hedge funds and other institutional investors.
SAP SE (NYSE:SAP) traded down 0.57% on Monday, hitting $90.89. The company’s stock had a trading volume of 544,021 shares. SAP SE has a 1-year low of $66.23 and a 1-year high of $92.76. The company has a market capitalization of $108.90 billion, a P/E ratio of 27.21 and a beta of 1.43. The company has a 50 day moving average price of $88.92 and a 200-day moving average price of $82.02.
SAP SE (NYSE:SAP) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. SAP SE had a net margin of 16.76% and a return on equity of 16.92%. On average, equities analysts forecast that SAP SE will post $4.37 earnings per share for the current fiscal year.
A number of equities analysts have commented on SAP shares. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research note on Wednesday, September 14th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of SAP SE in a research note on Thursday, June 30th. Barclays PLC restated an “overweight” rating and issued a $105.00 target price on shares of SAP SE in a research note on Tuesday, August 30th. Deutsche Bank AG restated a “buy” rating on shares of SAP SE in a research note on Tuesday, September 27th. Finally, Morgan Stanley restated a “buy” rating on shares of SAP SE in a research note on Monday, July 18th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $84.42.
SAP SE Company Profile
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP).
Receive News & Ratings for SAP SE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP SE and related companies with MarketBeat.com's FREE daily email newsletter.