Bank of Montreal Can reduced its stake in shares of SAP SE (NYSE:SAP) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,521 shares of the software maker’s stock after selling 1,021 shares during the period. Bank of Montreal Can’s holdings in SAP were worth $3,332,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SAP. Steward Partners Investment Advisory LLC purchased a new stake in SAP during the 3rd quarter valued at approximately $224,000. Sun Life Financial INC raised its position in SAP by 5.4% during the 2nd quarter. Sun Life Financial INC now owns 4,178 shares of the software maker’s stock valued at $225,000 after purchasing an additional 204 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in SAP during the 3rd quarter valued at approximately $218,000. United Capital Financial Advisers LLC purchased a new stake in SAP during the 4th quarter valued at approximately $218,000. Finally, V Wealth Management LLC purchased a new stake in SAP during the 4th quarter valued at approximately $217,000. 20.40% of the stock is currently owned by institutional investors and hedge funds.
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NYSE:SAP opened at $137.77 on Friday. The stock has a market capitalization of $138.84 billion, a P/E ratio of 31.51, a PEG ratio of 1.67 and a beta of 1.19. SAP SE has a 12 month low of $113.51 and a 12 month high of $148.39.
SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, December 6th. The software maker reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.08. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.35 billion. SAP had a return on equity of 54.58% and a net margin of 16.39%. SAP’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. Research analysts forecast that SAP SE will post 3.84 earnings per share for the current fiscal year.
Several equities analysts have recently commented on SAP shares. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research note on Tuesday, October 23rd. Morgan Stanley raised SAP from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $137.00 to $153.00 in a research note on Thursday, November 15th. They noted that the move was a valuation call. UBS Group boosted their price objective on SAP from $123.00 to $135.00 and gave the stock a “sell” rating in a research note on Tuesday, December 11th. Goldman Sachs Group restated a “neutral” rating and set a $126.00 price objective (up previously from $120.00) on shares of SAP in a research note on Tuesday, November 20th. Finally, Citigroup lifted their price objective on SAP from $124.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, November 19th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $138.23.
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SAP SE, together with its subsidiaries, provides business application software and software-related services worldwide. It