RWA Wealth Partners LLC Sells 3,635 Shares of SAP SE (NYSE:SAP)

RWA Wealth Partners LLC reduced its stake in SAP SE (NYSE:SAP - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,990 shares of the software maker's stock after selling 3,635 shares during the period. RWA Wealth Partners LLC's holdings in SAP were worth $9,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SAP. Oppenheimer & Co. Inc. lifted its position in SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock valued at $235,000 after purchasing an additional 38 shares during the period. Lindbrook Capital LLC raised its stake in shares of SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after buying an additional 43 shares during the last quarter. Foster Group Inc. lifted its holdings in SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock valued at $268,000 after buying an additional 45 shares during the period. Wedmont Private Capital boosted its stake in 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 acquiring an additional 46 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock worth $390,000 after acquiring an additional 46 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen raised SAP from a "hold" rating to a "buy" rating and increased their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has an average rating of "Buy" and a consensus target price of $248.83.

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SAP Stock Down 2.0 %

SAP stock traded down $5.48 during midday trading on Thursday, reaching $265.94. The stock had a trading volume of 1,307,167 shares, compared to its average volume of 1,189,660. 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 quick ratio of 1.10 and a current ratio of 1.12. The firm's fifty day simple moving average is $277.17 and its 200-day simple moving average is $252.78. The stock has a market capitalization of $326.71 billion, a P/E ratio of 92.66, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

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.