CIBC Private Wealth Group LLC Purchases 17,153 Shares of SAP SE $SAP

CIBC Private Wealth Group LLC increased its position in SAP SE (NYSE:SAP) by 16.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 122,977 shares of the software maker’s stock after buying an additional 17,153 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in SAP were worth $32,861,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after acquiring an additional 1,255 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of SAP in the 1st quarter valued at $242,000. AQR Capital Management LLC grew its holdings in shares of SAP by 49.0% during the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after purchasing an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in SAP in the 1st quarter worth $2,681,000. Finally, Sivia Capital Partners LLC raised its position in SAP by 2.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after purchasing an additional 69 shares during the period.

SAP Stock Up 0.7%

Shares of NYSE SAP opened at $184.96 on Friday. SAP SE has a 12 month low of $183.19 and a 12 month high of $313.28. The firm has a market capitalization of $227.22 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18. The firm has a fifty day simple moving average of $209.30 and a two-hundred day simple moving average of $239.78. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.77 by $0.13. The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. SAP’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. Equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. HSBC upgraded shares of SAP to a “hold” rating in a research report on Tuesday, January 20th. Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. TD Cowen reissued a “buy” rating on shares of SAP in a research note on Wednesday. Piper Sandler assumed coverage on SAP in a report on Tuesday, February 3rd. They set an “overweight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

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.