SAP SE (NYSE:SAP) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management increased its holdings in shares of SAP SE (NYSE:SAP) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,766 shares of the software maker’s stock after acquiring an additional 1,084 shares during the period. Ritholtz Wealth Management’s holdings in SAP were worth $2,592,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC lifted its position in shares of SAP by 2.1% in the third quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock valued at $758,364,000 after acquiring an additional 122,135 shares in the last quarter. Capital International Investors lifted its position in SAP by 58.2% during the first quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock worth $524,270,000 after buying an additional 1,729,492 shares during the period. Morgan Stanley lifted its position in SAP by 9.5% during the fourth quarter. Morgan Stanley now owns 2,750,865 shares of the software maker’s stock worth $283,862,000 after buying an additional 238,039 shares during the period. Clearbridge Investments LLC lifted its position in SAP by 1.7% during the third quarter. Clearbridge Investments LLC now owns 2,362,893 shares of the software maker’s stock worth $305,569,000 after buying an additional 38,625 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in SAP by 213.0% during the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock worth $183,507,000 after acquiring an additional 966,450 shares during the last quarter.

SAP Price Performance

SAP traded down $2.06 on Thursday, reaching $195.03. The company’s stock had a trading volume of 376,083 shares, compared to its average volume of 727,571. SAP SE has a 1 year low of $123.54 and a 1 year high of $199.29. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $182.59 and its 200 day moving average is $157.63.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The business had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.98 billion. SAP had a net margin of 20.30% and a return on equity of 9.54%. Research analysts anticipate that SAP SE will post 5.05 EPS for the current fiscal year.

Analysts Set New Price Targets

SAP has been the subject of several research analyst reports. BMO Capital Markets upped their price target on SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group upped their price target on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. KeyCorp started coverage on SAP in a research note on Thursday, March 21st. They set an “overweight” rating for the company. Finally, StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 20th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $189.20.

About SAP

SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.