RMR Wealth Builders Invests $246,000 in SAP SE (NYSE:SAP)

RMR Wealth Builders acquired a new position in SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the software maker’s stock, valued at approximately $246,000.

A number of other institutional investors have also made changes to their positions in the business. Confluence Investment Management LLC increased its stake in shares of SAP by 1.1% in the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares during the period. PDS Planning Inc increased its stake in shares of SAP by 1.3% in the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after purchasing an additional 52 shares during the period. Drive Wealth Management LLC increased its stake in shares of SAP by 2.9% in the third quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker’s stock worth $498,000 after purchasing an additional 61 shares during the period. Finally, Bank of Hawaii increased its stake in shares of SAP by 2.0% in the third quarter. Bank of Hawaii now owns 3,322 shares of the software maker’s stock worth $761,000 after purchasing an additional 66 shares during the period.

Analyst Ratings Changes

A number of research firms recently weighed in on SAP. TD Cowen lifted their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities lifted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays lifted their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Down 0.8 %

NYSE SAP opened at $251.51 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. The stock’s 50 day moving average is $243.45 and its two-hundred day moving average is $225.88. The company has a market capitalization of $308.98 billion, a price-to-earnings ratio of 100.60, a PEG ratio of 4.94 and a beta of 1.22. SAP SE has a 1-year low of $154.96 and a 1-year high of $256.13.

SAP (NYSE:SAP) last released its quarterly earnings data 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 company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. Equities analysts forecast that SAP SE will post 4.8 earnings per share 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.