Frank Rimerman Advisors LLC Buys 2,472 Shares of SAP SE $SAP

Frank Rimerman Advisors LLC boosted its stake in SAP SE (NYSE:SAP) by 29.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,952 shares of the software maker’s stock after buying an additional 2,472 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in SAP were worth $2,283,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of SAP by 59.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker’s stock valued at $3,097,000 after buying an additional 6,763 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of SAP in the 1st quarter valued at approximately $2,306,000. Fort Washington Investment Advisors Inc. OH grew its stake in shares of SAP by 28.8% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 221,642 shares of the software maker’s stock valued at $46,208,000 after buying an additional 49,502 shares in the last quarter. QRG Capital Management Inc. increased its holdings in SAP by 12.0% in the second quarter. QRG Capital Management Inc. now owns 68,368 shares of the software maker’s stock worth $10,536,000 after buying an additional 7,315 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. increased its holdings in SAP by 1,532.8% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after buying an additional 703,982 shares during the last quarter.

Analyst Upgrades and Downgrades

SAP has been the topic of several recent research reports. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Thursday. Argus set a $265.00 target price on shares of SAP in a research report on Thursday, September 10th. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research report on Friday, August 21st. UBS Group lowered shares of SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a $260.00 price target on shares of SAP in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $264.71.

SAP Stock Down 0.4%

SAP opened at $224.18 on Friday. The business has a 50 day moving average price of $213.09 and a 200 day moving average price of $185.07. SAP SE has a twelve month low of $144.97 and a twelve month high of $281.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $275.41 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.66 and a beta of 1.13.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). SAP had a return on equity of 17.07% and a net margin of 20.88%. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.30 billion. During the same period in the previous year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts forecast that SAP SE will post 8.08 EPS for the current year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.