TD Waterhouse Canada Inc. Sells 21,987 Shares of SAP SE $SAP

TD Waterhouse Canada Inc. lowered its position in SAP SE (NYSE:SAP) by 46.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,917 shares of the software maker’s stock after selling 21,987 shares during the period. TD Waterhouse Canada Inc.’s holdings in SAP were worth $4,091,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SAP. Bayban purchased a new position in SAP during the fourth quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in SAP by 758.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after buying an additional 129 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in SAP by 83.8% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock valued at $45,000 after buying an additional 67 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of SAP during the 3rd quarter worth approximately $49,000. Finally, Front Row Advisors LLC boosted its stake in shares of SAP by 362.5% in the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock worth $32,000 after buying an additional 145 shares during the last quarter.

Analyst Upgrades and Downgrades

SAP has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $265.00 target price on shares of SAP in a report on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research report on Friday, August 21st. Citigroup restated a “buy” rating on shares of SAP in a research note on Thursday, August 27th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Friday, July 24th. Finally, Barclays lowered their target price on SAP from $255.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.83.

SAP Price Performance

SAP opened at $214.71 on Tuesday. The company has a market capitalization of $263.77 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.56 and a beta of 1.14. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $187.48 and a 200-day moving average price of $180.55. SAP SE has a twelve month low of $144.97 and a twelve month high of $281.36.

SAP (NYSE:SAP) last posted its quarterly earnings results 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). The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.30 billion. SAP had a net margin of 20.88% and a return on equity of 17.07%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. Equities analysts expect that SAP SE will post 8.18 EPS for the current year.

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.