SAP SE (NYSE:SAP) is Aviso Financial Inc.’s 6th Largest Position

Aviso Financial Inc. decreased its position in shares of SAP SE (NYSE:SAP) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,950 shares of the software maker’s stock after selling 48,388 shares during the period. SAP accounts for 3.9% of Aviso Financial Inc.’s holdings, making the stock its 6th biggest position. Aviso Financial Inc.’s holdings in SAP were worth $77,051,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SAP. Aptus Capital Advisors LLC purchased a new stake in SAP during the third quarter valued at approximately $206,000. Oppenheimer & Co. Inc. purchased a new stake in SAP during the third quarter valued at approximately $210,000. Schrum Private Wealth Management LLC acquired a new position in SAP during the 3rd quarter valued at approximately $285,000. Huntington National Bank lifted its stake in shares of SAP by 12.4% during the third quarter. Huntington National Bank now owns 1,937 shares of the software maker’s stock worth $444,000 after buying an additional 214 shares during the period. Finally, Zions Bancorporation N.A. lifted its stake in shares of SAP by 37.3% during the third quarter. Zions Bancorporation N.A. now owns 3,311 shares of the software maker’s stock worth $759,000 after buying an additional 899 shares during the period.

Analysts Set New Price Targets

Several research firms have recently commented on SAP. BMO Capital Markets lifted their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, JMP Securities lifted their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Trading Down 3.5 %

Shares of SAP stock opened at $254.84 on Friday. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. 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 fifty day moving average price of $273.17 and a 200 day moving average price of $247.29. The stock has a market cap of $313.08 billion, a PE ratio of 88.80, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

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