TD Waterhouse Canada Inc. Sells 21,987 Shares of SAP SE $SAP

TD Waterhouse Canada Inc. decreased its stake in shares of SAP SE (NYSE:SAP) by 46.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,917 shares of the software maker’s stock after selling 21,987 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in SAP were worth $4,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SAP. Fisher Asset Management LLC boosted its stake in SAP by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock worth $3,577,793,000 after acquiring an additional 179,550 shares in the last quarter. Bank of America Corp DE increased its stake in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Windacre Partnership LLC increased its stake in SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after purchasing an additional 1,336,325 shares in the last quarter. Northern Trust Corp raised its holdings in shares of SAP by 3.2% during the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after purchasing an additional 49,111 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of SAP by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock valued at $291,498,000 after purchasing an additional 83,349 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SAP. Wells Fargo & Company restated an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th. BMO Capital Markets upped their price target on SAP from $175.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday, August 21st. Oppenheimer reissued a “market perform” rating on shares of SAP in a research note on Friday, July 24th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $265.00 price objective on shares of SAP in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.83.

SAP Trading Down 0.2%

NYSE:SAP opened at $214.71 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 1.15. SAP SE has a one year low of $144.97 and a one year high of $281.36. The company has a market cap of $263.77 billion, a PE ratio of 26.97, a PEG ratio of 2.56 and a beta of 1.14. The firm has a 50-day moving average of $187.48 and a 200-day moving average of $180.55.

SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.30 billion. SAP had a net margin of 20.88% and a return on equity of 17.07%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 EPS. As a group, equities research analysts expect that SAP SE will post 8.18 EPS for the current fiscal year.

SAP Company 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.