Northwest & Ethical Investments L.P. Buys 181 Shares of SAP SE (NYSE:SAP)

Northwest & Ethical Investments L.P. increased its stake in SAP SE (NYSE:SAP) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.

A number of other institutional investors also recently bought and sold shares of SAP. FMR LLC raised its holdings in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. WCM Investment Management LLC bought a new stake in SAP during the fourth quarter valued at about $290,023,000. Raymond James Financial Inc. bought a new stake in SAP during the fourth quarter valued at about $150,668,000. Fisher Asset Management LLC raised its holdings in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after acquiring an additional 403,956 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in SAP by 152.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after acquiring an additional 249,824 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. BMO Capital Markets raised their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Trading Up 0.4 %

SAP opened at $272.69 on Friday. The firm has a market cap of $335.00 billion, a P/E ratio of 95.01, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $275.63 and a 200 day moving average of $249.45.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, research analysts forecast that SAP SE will post 6.55 EPS for the current year.

About SAP

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.