SAP SE (NYSE:SAP) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in SAP SE (NYSE:SAP) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,571 shares of the software maker’s stock after purchasing an additional 11,188 shares during the quarter. Bank of Montreal Can’s holdings in SAP were worth $40,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SAP. International Assets Investment Management LLC acquired a new position in SAP in the third quarter valued at $40,573,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares during the last quarter. Marshall Wace LLP purchased a new stake in SAP during the second quarter valued at about $21,479,000. Hantz Financial Services Inc. purchased a new stake in SAP during the second quarter valued at about $20,532,000. Finally, Mediolanum International Funds Ltd purchased a new stake in SAP during the third quarter valued at about $17,376,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SAP shares. Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen boosted their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Price Performance

Shares of NYSE SAP opened at $232.02 on Friday. SAP SE has a 1-year low of $148.38 and a 1-year high of $243.01. The business has a 50-day moving average of $231.37 and a 200-day moving average of $213.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $285.04 billion, a price-to-earnings ratio of 92.81, a PEG ratio of 4.49 and a beta of 1.25.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the company earned $1.20 EPS. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that SAP SE will post 4.89 EPS for the current fiscal 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.