Northwest & Ethical Investments L.P. Increases Position in SAP SE (NYSE:SAP)

Northwest & Ethical Investments L.P. raised its holdings in shares of SAP SE (NYSE:SAP) by 5.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,535 shares of the software maker’s stock after purchasing an additional 181 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in SAP were worth $870,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SAP. Oppenheimer & Co. Inc. raised its stake in SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after buying an additional 38 shares in the last quarter. Lindbrook Capital LLC raised its stake in SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after buying an additional 43 shares in the last quarter. Foster Group Inc. raised its stake in SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after buying an additional 45 shares in the last quarter. Wedmont Private Capital raised its stake in SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after buying an additional 46 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in SAP by 3.0% in the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after buying an additional 46 shares in the last quarter.

SAP Price Performance

Shares of SAP opened at $272.69 on Friday. The firm has a market capitalization of $335.00 billion, a PE ratio of 95.01, a price-to-earnings-growth 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 SE has a 1-year low of $175.08 and a 1-year high of $293.70. The company’s fifty day moving average price is $275.63 and its 200-day moving average price is $249.45.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SAP. BMO Capital Markets boosted their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Barclays upped their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Profile

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.