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

RMR Wealth Builders purchased a new stake in SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,000 shares of the software maker's stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. FMR LLC boosted its stake in SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock valued at $2,347,422,000 after buying an additional 1,866,468 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of SAP in the 3rd quarter valued at approximately $40,573,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker's stock valued at $37,648,000 after purchasing an additional 142,270 shares during the last quarter. Marshall Wace LLP acquired a new position in SAP during the 2nd quarter worth approximately $21,479,000. Finally, Mediolanum International Funds Ltd bought a new position in SAP in the 3rd quarter valued at approximately $17,376,000.

SAP Trading Up 0.4 %

Shares of NYSE:SAP traded up $1.16 during trading on Friday, reaching $262.74. The stock had a trading volume of 737,421 shares, compared to its average volume of 946,669. SAP SE has a 52 week low of $158.94 and a 52 week high of $264.71. The firm's fifty day moving average is $245.17 and its 200 day moving average is $227.47. The stock has a market cap of $322.77 billion, a price-to-earnings ratio of 105.09, 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 quick ratio of 1.10 and a current ratio of 1.10.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SAP. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and upped their price target for the stock from $240.00 to $305.00 in a report on Friday. BMO Capital Markets upped their target price on SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday. Barclays raised their price objective on shares of SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, JMP Securities lifted their target price on shares of SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $263.17.

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.