Aviso Financial Inc. reduced its stake in SAP SE (NYSE:SAP - Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,950 shares of the software maker's stock after selling 48,388 shares during the period. SAP comprises 3.9% of Aviso Financial Inc.'s investment portfolio, making the stock its 6th largest position. Aviso Financial Inc.'s holdings in SAP were worth $77,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Holocene Advisors LP bought a new stake in SAP during the 3rd quarter valued at $10,869,000. Atomi Financial Group Inc. boosted its holdings in shares of SAP by 38.9% during the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock worth $3,074,000 after purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC grew its stake in shares of SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock worth $4,030,000 after purchasing an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock valued at $125,654,000 after purchasing an additional 7,667 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in SAP by 152.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock valued at $101,969,000 after purchasing an additional 249,824 shares during the last quarter.
SAP Stock Up 0.4 %
NYSE:SAP traded up $1.20 during mid-day trading on Tuesday, hitting $270.75. 2,154,768 shares of the company's stock were exchanged, compared to its average volume of 890,041. SAP SE has a one year low of $175.08 and a one year high of $293.70. The business has a fifty day moving average price of $274.09 and a 200 day moving average price of $248.41. The company has a market cap of $332.62 billion, a PE ratio of 94.34, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.
SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities analysts predict that SAP SE will post 6.55 EPS for the current year.
Wall Street Analysts Forecast Growth
SAP has been the topic of several research analyst reports. JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and upped their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets lifted their target price on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $248.83.
View Our Latest Stock Analysis on SAP
About SAP
(
Free Report)
SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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