Canandaigua National Bank & Trust Co. Has $933,000 Position in SAP SE (NYSE:SAP)

Canandaigua National Bank & Trust Co. grew its holdings in SAP SE (NYSE:SAP) by 54.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,071 shares of the software maker’s stock after purchasing an additional 1,432 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in SAP were worth $933,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of SAP. Northwest Investment Counselors LLC acquired a new position in SAP in the first quarter worth $25,000. LRI Investments LLC acquired a new position in SAP in the first quarter worth $25,000. POM Investment Strategies LLC boosted its stake in SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares in the last quarter. Crewe Advisors LLC lifted its stake in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in shares of SAP during the first quarter valued at $29,000.

SAP Stock Up 0.2 %

Shares of NYSE:SAP traded up $0.41 during mid-day trading on Friday, reaching $220.88. 955,321 shares of the stock were exchanged, compared to its average volume of 782,251. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market cap of $271.35 billion, a P/E ratio of 47.91, a P/E/G ratio of 4.38 and a beta of 1.25. SAP SE has a one year low of $127.30 and a one year high of $231.13. The stock’s 50 day simple moving average is $216.95 and its 200-day simple moving average is $201.04.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. As a group, equities research analysts predict that SAP SE will post 4.78 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAP. BMO Capital Markets upped their price target on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. JMP Securities upped their price target on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. Barclays increased their target price on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. TD Cowen increased their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $232.17.

SAP 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.