SAP SE (NYSE:SAP) Position Boosted by Ritholtz Wealth Management

Ritholtz Wealth Management raised its position in shares of SAP SE (NYSE:SAP) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,027 shares of the software maker’s stock after purchasing an additional 897 shares during the quarter. Ritholtz Wealth Management’s holdings in SAP were worth $6,901,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. Principal Financial Group Inc. boosted its stake in SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after purchasing an additional 4,775 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares in the last quarter. Stifel Financial Corp boosted its stake in SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after purchasing an additional 23,352 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock valued at $39,934,000 after purchasing an additional 15,604 shares in the last quarter.

Wall Street Analyst Weigh In

SAP has been the subject of several research reports. JMP Securities raised their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen raised their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Barclays raised their price objective on 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 raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Price Performance

Shares of NYSE:SAP opened at $261.79 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 1 year low of $155.82 and a 1 year high of $262.87. The business has a fifty day simple moving average of $244.74 and a 200 day simple moving average of $227.23. The firm has a market cap of $321.61 billion, a price-to-earnings ratio of 104.72, a P/E/G ratio of 3.56 and a beta of 1.22.

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

SAP Company 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.