RMR Wealth Builders Makes New Investment in SAP SE (NYSE:SAP)

RMR Wealth Builders purchased a new stake in SAP SE (NYSE:SAP) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,000 shares of the software maker’s stock, valued at approximately $246,000.

Several other institutional investors have also recently bought and sold shares of SAP. Wedmont Private Capital lifted its stake in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after buying an additional 46 shares during the period. Confluence Investment Management LLC boosted its stake in SAP by 1.1% in the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares in the last quarter. PDS Planning Inc grew its holdings in shares of SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after buying an additional 52 shares in the last quarter. Finally, Drive Wealth Management LLC raised its holdings in shares of SAP by 2.9% in the third quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker’s stock valued at $498,000 after buying an additional 61 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JMP Securities raised their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen raised their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Barclays boosted their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Stock Up 0.0 %

Shares of SAP opened at $261.79 on Friday. The firm has a 50 day simple moving average of $244.74 and a two-hundred day simple moving average of $227.23. The company has a market cap of $321.61 billion, a P/E ratio of 104.72, a P/E/G ratio of 3.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a one year low of $155.82 and a one year high of $262.87.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. Research analysts forecast that SAP SE will post 4.66 EPS 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.