Canandaigua National Bank & Trust Co. Acquires 1,275 Shares of SAP SE (NYSE:SAP)

Canandaigua National Bank & Trust Co. increased its holdings in shares of SAP SE (NYSE:SAP) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,346 shares of the software maker’s stock after acquiring an additional 1,275 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in SAP were worth $1,316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Godsey & Gibb Inc. purchased a new position in SAP in the third quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new position in shares of SAP in the third quarter worth about $42,000. Prospera Private Wealth LLC bought a new stake in SAP during the 3rd quarter valued at $47,000. Versant Capital Management Inc purchased a new stake in shares of SAP during the fourth quarter worth $54,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of SAP in the third quarter worth $59,000.

Analyst Ratings Changes

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

SAP Stock Performance

NYSE:SAP opened at $246.75 on Tuesday. SAP SE has a 1-year low of $151.16 and a 1-year high of $256.13. 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 business has a 50 day moving average of $242.19 and a 200 day moving average of $224.67. The company has a market capitalization of $303.13 billion, a price-to-earnings ratio of 98.70, a PEG ratio of 4.94 and a beta of 1.22.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. On average, sell-side analysts predict that SAP SE will post 4.8 earnings per share 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.