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

RMR Wealth Builders bought a new position in SAP SE (NYSE:SAP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the software maker’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Holocene Advisors LP bought a new position in SAP in the 3rd quarter worth approximately $10,869,000. JPMorgan Chase & Co. raised its position in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after purchasing an additional 7,667 shares during the last quarter. Benjamin Edwards Inc. raised its position in SAP by 1,496.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after purchasing an additional 8,380 shares during the last quarter. Creative Planning raised its position in SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after purchasing an additional 14,546 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. TD Cowen upped their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Price Performance

SAP opened at $251.51 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 12 month low of $154.96 and a 12 month high of $256.13. The company has a fifty day simple moving average of $243.45 and a 200 day simple moving average of $225.88. The stock has a market cap of $308.98 billion, a P/E ratio of 100.60, a P/E/G ratio of 4.94 and a beta of 1.22.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. On average, research analysts expect that SAP SE will post 4.8 EPS for the current year.

About SAP

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.