Aviso Financial Inc. Sells 48,388 Shares of SAP SE (NYSE:SAP)

Aviso Financial Inc. decreased its stake in SAP SE (NYSE:SAP) by 13.4% during the 4th quarter, Holdings Channel reports. The firm owned 312,950 shares of the software maker’s stock after selling 48,388 shares during the quarter. SAP makes up approximately 3.9% of Aviso Financial Inc.’s investment portfolio, making the stock its 6th largest position. Aviso Financial Inc.’s holdings in SAP were worth $77,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SAP. Madison Investment Advisors LLC acquired a new position in SAP during the fourth quarter worth about $2,510,000. Commonwealth Equity Services LLC boosted its position in SAP by 9.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,658 shares of the software maker’s stock worth $4,101,000 after acquiring an additional 1,458 shares during the last quarter. Impact Capital Partners LLC acquired a new position in SAP during the fourth quarter worth about $348,000. HBK Sorce Advisory LLC boosted its position in SAP by 4.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,280 shares of the software maker’s stock worth $561,000 after acquiring an additional 91 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in SAP by 152.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock worth $101,969,000 after acquiring an additional 249,824 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SAP shares. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets boosted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Barclays boosted their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Stock Performance

NYSE:SAP opened at $254.84 on Friday. The company’s 50-day moving average is $273.17 and its two-hundred day moving average is $247.29. The firm has a market capitalization of $313.08 billion, a price-to-earnings ratio of 88.80, a PEG ratio of 4.71 and a beta of 1.25. 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.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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%. Analysts forecast that SAP SE will post 6.55 EPS for the current 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.