Frank Rimerman Advisors LLC Trims Stake in SAP SE (NYSE:SAP)

Frank Rimerman Advisors LLC cut its stake in SAP SE (NYSE:SAP - Free Report) by 64.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,282 shares of the software maker's stock after selling 7,817 shares during the quarter. Frank Rimerman Advisors LLC's holdings in SAP were worth $1,054,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. grew its position in SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after buying an additional 38 shares in the last quarter. Lindbrook Capital LLC grew its position in 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 in the last quarter. Foster Group Inc. grew its position in SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after buying an additional 45 shares in the last quarter. Wedmont Private Capital grew its position in SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after buying an additional 46 shares in the last quarter. Finally, Addison Advisors LLC grew its position in SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock worth $390,000 after buying an additional 46 shares in the last quarter.

SAP Trading Down 0.0 %

Shares of NYSE SAP traded down $0.04 during midday trading on Wednesday, reaching $270.60. The company had a trading volume of 544,228 shares, compared to its average volume of 889,065. SAP SE has a one year low of $175.08 and a one year high of $293.70. The stock has a market cap of $332.44 billion, a PE ratio of 94.07, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm's fifty day moving average price is $274.50 and its 200-day moving average price is $248.77.

Remove Ads

SAP (NYSE:SAP - Get Free Report) last announced 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%. On average, equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on SAP. Barclays boosted their target price on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. Finally, Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $248.83.

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.