RWA Wealth Partners LLC Has $9.35 Million Position in SAP SE (NYSE:SAP)

RWA Wealth Partners LLC cut its holdings in SAP SE (NYSE:SAP) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,990 shares of the software maker’s stock after selling 3,635 shares during the quarter. RWA Wealth Partners LLC’s holdings in SAP were worth $9,354,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Centricity Wealth Management LLC acquired a new position in shares of SAP during the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP in the 4th quarter valued at about $27,000. Rakuten Securities Inc. grew its position in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares during the period. Albion Financial Group UT raised its stake in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in SAP in the third quarter valued at approximately $42,000.

Wall Street Analyst Weigh In

A number of research firms have commented on SAP. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Stock Down 0.1 %

SAP stock opened at $267.83 on Friday. The company has a 50 day moving average of $277.05 and a 200-day moving average of $251.73. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The stock has a market capitalization of $329.03 billion, a PE ratio of 93.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company 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.