SAP SE (NYSE:SAP) Shares Bought by M&T Bank Corp

M&T Bank Corp grew its position in shares of SAP SE (NYSE:SAP) by 97.7% during the 4th quarter, Holdings Channel reports. The firm owned 53,624 shares of the software maker’s stock after purchasing an additional 26,504 shares during the period. M&T Bank Corp’s holdings in SAP were worth $13,203,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SAP. Centricity Wealth Management LLC acquired a new position in shares of SAP during the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP during the 4th quarter worth $27,000. Albion Financial Group UT boosted its stake in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of SAP during the 3rd quarter worth $42,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of SAP during the 3rd quarter worth $47,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has a consensus rating of “Buy” and an average price target of $248.83.

SAP Price Performance

NYSE SAP opened at $287.09 on Thursday. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The stock’s 50-day moving average is $271.00 and its two-hundred day moving average is $245.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market cap of $352.69 billion, a P/E ratio of 100.03, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Company Profile

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.