SAP SE $SAP Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC raised its holdings in SAP SE (NYSE:SAP) by 132.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,213 shares of the software maker’s stock after purchasing an additional 5,821 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in SAP were worth $2,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new stake in shares of SAP in the 3rd quarter valued at approximately $25,000. Retirement Wealth Solutions LLC grew its holdings in SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after acquiring an additional 69 shares during the period. Abich Financial Wealth Management LLC acquired a new position in SAP during the third quarter worth $27,000. Copia Wealth Management purchased a new position in SAP in the third quarter worth $28,000. Finally, Guerra Advisors Inc acquired a new stake in SAP in the third quarter valued at $31,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SAP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Arete Research upgraded shares of SAP to a “strong-buy” rating in a research note on Thursday, December 11th. HSBC raised shares of SAP to a “hold” rating in a report on Tuesday, January 20th. Citigroup lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Santander upgraded shares of SAP to a “neutral” rating in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Trading Up 1.7%

Shares of SAP stock opened at $171.22 on Wednesday. SAP SE has a fifty-two week low of $163.77 and a fifty-two week high of $313.28. The stock has a market cap of $210.34 billion, a P/E ratio of 24.29, a P/E/G ratio of 1.90 and a beta of 1.18. The business has a fifty day simple moving average of $198.36 and a 200-day simple moving average of $233.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.77 by $0.13. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 EPS. On average, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.