Frank Rimerman Advisors LLC Has $2.28 Million Stock Holdings in SAP SE $SAP

Frank Rimerman Advisors LLC increased its position in shares of SAP SE (NYSE:SAP) by 75.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,506 shares of the software maker’s stock after acquiring an additional 3,224 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in SAP were worth $2,283,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Intrust Bank NA boosted its position in shares of SAP by 5.5% during the second quarter. Intrust Bank NA now owns 5,118 shares of the software maker’s stock worth $1,556,000 after purchasing an additional 269 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in SAP during the 2nd quarter worth $1,187,000. Western Wealth Management LLC lifted its holdings in SAP by 3.1% during the second quarter. Western Wealth Management LLC now owns 2,140 shares of the software maker’s stock worth $651,000 after acquiring an additional 64 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in SAP during the second quarter worth about $74,000. Finally, Summitry LLC grew its stake in SAP by 22.2% in the second quarter. Summitry LLC now owns 2,299 shares of the software maker’s stock valued at $699,000 after acquiring an additional 418 shares during the period.

SAP Price Performance

NYSE SAP opened at $238.82 on Tuesday. The firm’s 50 day moving average is $264.64 and its 200-day moving average is $282.48. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $293.40 billion, a PE ratio of 35.75, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18. SAP SE has a 12-month low of $229.26 and a 12-month high of $313.28.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, topping the consensus estimate of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAP. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday, October 23rd. Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $284.33.

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.