SAP SE $SAP Stock: TD Waterhouse Canada Inc. Cuts Holdings

TD Waterhouse Canada Inc. decreased its position in SAP SE (NYSE:SAP) by 21.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,451 shares of the software maker’s stock after selling 5,466 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in SAP were worth $4,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in SAP in the third quarter worth about $30,000. Front Row Advisors LLC boosted its position in shares of SAP by 362.5% during the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after purchasing an additional 145 shares in the last quarter. MidFirst Bank acquired a new position in shares of SAP in the 4th quarter worth approximately $46,000. SHP Wealth Management acquired a new position in shares of SAP in the 4th quarter worth approximately $47,000. Finally, Continuum Advisory LLC bought a new stake in shares of SAP in the 2nd quarter worth approximately $31,000.

Analysts Set New Price Targets

SAP has been the subject of a number of research reports. Jefferies Financial Group restated a “buy” rating and set a $260.00 target price on shares of SAP in a report on Tuesday, September 22nd. Weiss Ratings raised SAP from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. UBS Group cut SAP from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 15th. Finally, BMO Capital Markets increased their price objective on SAP from $177.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.71.

SAP Trading Up 1.2%

NYSE:SAP opened at $228.85 on Wednesday. The stock has a fifty day simple moving average of $213.82 and a 200 day simple moving average of $185.98. The firm has a market capitalization of $281.14 billion, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13. SAP SE has a 1-year low of $144.97 and a 1-year high of $281.36. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a return on equity of 17.07% and a net margin of 20.88%. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.30 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts forecast that SAP SE will post 8.08 earnings per share 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 employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.