Ritholtz Wealth Management Acquires 897 Shares of SAP SE (NYSE:SAP)

Ritholtz Wealth Management grew its holdings in shares of SAP SE (NYSE:SAP) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,027 shares of the software maker’s stock after buying an additional 897 shares during the quarter. Ritholtz Wealth Management’s holdings in SAP were worth $6,901,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of research analyst reports. Barclays raised 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. BMO Capital Markets boosted their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday. JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen boosted their target price on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Price Performance

Shares of NYSE:SAP opened at $261.79 on Friday. SAP SE has a 1-year low of $155.82 and a 1-year high of $262.87. The firm’s 50 day simple moving average is $244.74 and its two-hundred day simple moving average is $227.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $321.61 billion, a P/E ratio of 104.72, a P/E/G ratio of 3.56 and a beta of 1.22.

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